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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (33179)1/14/1998 10:46:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
<Are you saying we started today WAY up....can you kind of give me a definition of what
way up is?>
I don't have my system up. I remember the futures gapped higher on the open, came down to negative, then closed positive.

So the pattern was up, reverse and down, then reverse and up.

Now I know I'm in the minority here but I could e-mail you recent intraday charts that show that the futures move first then the OEX/Broad market follows so I watch the futures before I watch the stock market.

The futures going up is point 1, coming down and stopping is point 2, closing out the day moving north is point 3. Forget about the colors, it's just what is used to I.D. what the day should look like. It works often enough that I watch it.

I have another e-mail on Robert Hitt. Goes like this...
~~~~~~~~~~~~
I signed up for a month of his service early last year. It's really
impressive the way he slings around the astrological jargon and converts
all sorts of complex planetary alignments and conjuctions into
forecasts. His site contains some really awe inspiring mystic charts
which I suppose means something to the initiated.
However, as far as trading goes, I cannot recall one day during that
month in which I said to myself, "Wow, I wish I could make a forecast as
good as that!" In fact, despite long paragraphs detailing what effect
this or that planet/moon phase/etc would have on trading the next day,
he was wrong far too often than mere chance would allow for.

Can he predict earthquakes, floods, natural disasters? Maybe.

Can he predict market direction? He has absolutely not demonstrated
that to me. When I signed up he was totally absorbed in the stock
market's imminent and total collapse. I suppose, 8 or so months later,
he still is. Markets go up and down - he'll be right eventually.

If you're interested in the stars, stick with Winski.

~~~~~~~~~~~~
Obviously this fellow is less impressed than the last. The Astro-trader demurred....he responded but said nothing pro or con about Hitt. Perhaps they are in competition with each other, I don't know why. Speaking, as you recently were, about Rebecca Nolan...she had mixed reviews amongst this crowd as well. Also, regular astrologers do not know her either. Nolan had been discussed amongst us a few weeks ago.