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To: Arthur Tang who wrote (1366)5/10/2001 11:00:18 AM
From: TechTrader42  Respond to of 1471
 
Yes, microTA. I'm familiar with it. It bears some similarities to chronoscopy. Chronoscopy provides an easier way of counting shares, however. With chronoscopy, there's no need to count shares one by one. One can even determine money flow, up volume vs. down volume, and volume at bid vs. volume at ask with chronscopy, as you no doubt know. This is done with chronoscopy's multidimensional manifold. (Though with tech stocks right now, a simple formula will suffice for counting shares. The number of suckers eager to buy at the bottom is directly proportional to the number of carnival barkers appearing on CNBC. This formula reduces wear and tear on the chronoscope).

Counting shares must be relatively easy with stocks such as MWBX, since there appear to be so few to count each day.



To: Arthur Tang who wrote (1366)5/10/2001 12:44:10 PM
From: TechTrader42  Respond to of 1471
 
"High P/E(high flyers) will go even higher."

So I see. Did we buy into the morning rally? Were we able to pick up more IBM at 118.9, more GE at 50.2, etc., with MicroTA?



To: Arthur Tang who wrote (1366)5/11/2001 10:38:23 AM
From: TechTrader42  Respond to of 1471
 
Is this just a bump in the road, Arthur? I expect the market will resume its upward trajectory soon, despite poor earnings reports, lowered revenue forecasts, a poor economic outlook (I won't use the "r" word), the rising cost of energy (hardly a crisis -- yet [well, maybe just in California]), high valuations, etc. The highfliers will go higher -- right? It's a sure thing -- right? I'm comfortable with certainty.

Were we able to pick up some IBM at the high yesterday? GE? We didn't let a little pessimism stand in our way, did we?

P/E's are irrelevant, of course. Prices are based on greed. Or was it fear? Are we in the fear stage again?