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To: Nemer who wrote (9081)	10/22/1997 1:01:00 AM
From: pz	Read Replies (1) \| Respond to of 17305

Off Topic Nemer, How have you been? We sure miss you on mIRC on Zchat. I hope you and your family are well. Paul

To: Nemer who wrote (9081)	10/22/1997 3:34:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 17305

The shingle was my idea. My wife has virtually no interest in the markets. I rely on a lot of information...Hank Camp uses a combination of historical data and pattern fitting techniques. In addition, he has indicators for which he has data showing him what the historical odds of "x" happening is when such and such a pattern occurs. Then, more long term, McMillan uses an "overbought/oversold" oscillator ---- don't ask me how it works, I have it written down somewhere in a pile of papers which I have to sort thru sometime --- but it's based on Advance/Decline data. Fairly reliable, it's used to predict, within a few days, potential breakdowns/breakouts. Last Tuesday his indicator said to buy OEX puts and he suggested taking partial profits at OEX 917 and 898, starting from around OEX 930-something. More conservatively than Camp but more often than McMillan is a third source which has educational data on what happened yesterday and what is the likely trend for today with support and resistance levels. Then 2 other guys who each provide data on block trades, equity option trades, index option trades, and other stuff. and so on... I also look at ADX quite a bit---unless you are in a trending market most oscillators don't seem to help...besides, they would have me in and out of the market 20.75 times a day and I would be in a hospital ward by the end of the week. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ So then you take all this stuff....mix it up...decide when or at what price you should be long or be short----knowing when is far superior to knowing at what price----and if you cannot decide then you call up 3 friends and play golf. In the event that you decide, then you go one step further and make a decision where you stop yourself out or if you want to have a reverse stop. Provided you are not stopped out, you target where you should be getting out and trail the movement with a loose/tight stop---depending on how comfortable you are. These decisions should be made before the open....If you have decided to short a "gap up" open around 9:00 Central Time and it gaps down, then you have decided incorrectly and you should not do anything. Making decisions while the market is open, on spoos and index trading, is generally based more on emotion and should be avoided.