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To: pbull who wrote (9553)	10/29/2002 12:20:05 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 13815

we need a pullback pretty soon in here though. I thought this week would be it but todays 15pt naz drop was hardly a blip.

To: pbull who wrote (9553)	10/29/2002 3:40:44 AM
From: Sig	Read Replies (2) \| Respond to of 13815

Hope you are right about a change. It seemed to me there was. Its been a fairly disgusting market so far this year. Time for me to do some computing, see if trading can be better than holding ( because holding has looked real bad) I have printed out weekly prices for 15 stocks and the Market averages for last 12 months Can now write a program in QBasic language and can perhaps tell if one should sell after xx days of Nas going up, or buy after xx days of down, sell stocks that are up xx%, or buy stocks when they are down xx amount No limit to what one can ask the program to do. The program starts by dimentioning the values, writing..... DIM INTC( 52), NAS (52) , and other functions to be used ( actually would use I for intc, n for nas for simplification) The prices of Intc ( or others) are entered as Data lines as follows DATA 50,52,56,49,46,49, etc ( There will be 52 values(exactly) in the line, representing the price of Intel each week of the year) Having dimentioned INTC( 52) The next step is to READ the data as follows FOR Z=1 to 52 : READ INTC( Z) : Next z ( this will read the 52 values of the first data line it come to in the program) and if you ask the computer to do so can say PRINT INTC (2) and the computer will print the answer ( 52) on the screen. Having entered the DATA lines maybe 20 in all ( the most boring part) a person can cut loose and go hog wild making assumptions , manipulating the values and seeing the results of using the SYSTEM designed.. And in fact one can write a program that learns and corrects itself for better results, cycling thru the data many times to get the optimum desired result. I have had the computer ( a slow one )run these all night long and make printouts for review each time the system corrected itself.( about once every 20 minutes). The scary part is that program traders who have all the DATA ( stock or bond prices) needed already in useable form ( or can get it) and it doen't take a lot of fancy math to WRITE the programming. I go into some detail here to show how simple the computations or system can be and a 2gh chip can do in 1 minute , what used to take my machine 1 hr 40 min.- maybe even faster The critical part is deciding what goal you want to reach If goal is to make the most money for the year- the result is only one stock (of the 10) to own, but it may have a real tanking in one month which makes it a poor goal. If goal is to make money every month while owning 10 stocks, it probably cant do that during a really bad month You would have to sell some at certain times, or go short. . It could easily provide the list of stocks to own that would make a profit for say, 40 weeks out of a year. I can merely glimpse what program traders are capable of doing today with fast computers and software, and it has changed modern markets in a rather nasty and incomprehensible manner. Odds go to the House, again and forever. Sig