Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: John Harton who wrote (8397)	5/20/2000 12:34:00 PM
From: John Harton	Read Replies (1) \| Respond to of 11051

The Daily News I suspect like most on the thread, I find the greatest block of time to hit the charts on the weekends. It occurred to me that perhaps that I was getting skewed readings because the last candle(on a daily chart for example) would always be a Friday.(And don't many traders park in cash over weekends). So.... ran a little test. Using historical SPY closings over the 6 months from Nov 20 1999 to May 20 2000 I logged the up vs down days(measured from the previous days close). The results: Mondays- 9 up, 14 down, 2 holidays, 1 deadheat(Nov 19 close @142.4688, Nov 22 close @142.4688 wow) Tuesdays- 10 up, 16 down Wednesdays-13 up, 13 down Thursdays-15 up, 10 down, 1 holiday Fridays-13 up, 10 down, 3 holidays I would have thought more down Fridays? So go long at close Tuesday, then sell at close Thursday? Comments? John PS Why exactly am I expecting an up Monday?<ggg>

To: John Harton who wrote (8397)	5/20/2000 1:37:00 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

John> re "...abandoned ship to cash-- Uh oh!" it's only fair to tell the whole story. It's scary. And hopefully just a nightmare. Here it comes. Even if I was down cca 30% from this year's top by Friday night I was still in my "The lord is my sheppard I shall not sell" mode. But then I hit upon a message on the "Boerse now" bulletin board (my monthly feed on options etc, highly respected and proven, errors and snafus included, over years), where BN himself (must be the chief editor) is saying simply: "hey guys, I see Freddie coming backbig time". here's the original message an unsolicited message re. stock-Crash As an editor of Midas-Investment reports I got involved in a very intensive and intricate way with the phenomenon of market crashes. So far I could predict on time the 1989 Mini-Crash, the Tokyo melt-down in 1990, the 1997 Mini-crash and the 1998 turbulences. My indicators show in these days an extreme CRASH danger for international stock exchanges. Now, Im not panicking or trying to create panic.Im posting that only to give some rationale for my decisions. And, when crossing "lion/ass" with "dead/alive", I would prefer being an "ass/alive" to "lion/dead". So, 95% in cash and ~45% yrly ROI. Oh, and I got myself some NAZ puts.

To: John Harton who wrote (8397)	5/20/2000 9:25:00 PM
From: Trading Machine	Read Replies (3) \| Respond to of 11051

Dear creeping doubt: I went in at the close on Friday also John. All (or most all) of my indicators lined up and said go fur it stupid. There are only two things that are nagging at me. I looked at the VIX and noticed that one of my primary indicators say that it could go up and the odds are really against it going down. It can meander sideways for a few days but eventually its going UP. So being the contrarian that I am.... The second thing is the three identical black crows on NDX with the last one a closing (and opening) Marubozu. The texts tell me this formation needs NO confirmation, da selling aint finished yet. Also Berney pointed out to me that SPX could have finished about 4-5 points higher and made us feel more comfortable, either we're right on the edge or slightly over it - I can't quite tell which yet! ggg So all this together tells me to be nimble and at the slightest fly spot on the wall, I'm outttttttaaaaa HERE! That said because I'm trading a 401 I've got to guess whats going to happen at the end of the day and what will happen the next day if I stay in (or go out). A crummy way to have to trade. BUT my indicators say "here we are again", normally I would expect these to occur 2-3-4 times a year and so far I have traded five times this half! C'mon Big Al!! Go for it babe! Thats the sum total of my knowledge, I'm like you, QQQ oughta pop for a coupla days, say until Wednesday or Thursday - maybe? I hope you make a big pile on it! CU Paul K.

To: John Harton who wrote (8397)	5/21/2000 10:42:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

John, Re: Working in the Coal Mine. Thanks fellow Dude. I still maintain the data and will be glad to post the updated version next weekend, if it will be of assistance. I also appreciate your weekday pattern analysis. It was something I wanted to do, but just never got around to it. Look at the Drug charts. They have the potential to make some nice 10% moves. I particularly like the "W" breakout on JNJ. The projected target is 98 with the lower pivot point right behind us. TB