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<DIV><FONT color=#000000 size=2>Hi Bill,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Market Vane is a service where they do a
consensus of market advisors .. and<BR>newsletters writers.. when the % gets to
an extreme which 2 weeks ago 73% a<BR>warning should be heeded.. using
this type of indicator can lag the market..the web address to get this
info.. <A
href="http://www.commoditytrader/consensus.htm";>www.commoditytrader/consensus.htm</A></FONT></DIV>
<DIV><FONT color=#000000 size=2><BR>With this in mind in I use less of a scaling
of importance. The key elements<BR>are Breadth and price momentum. I have also
incorporated interest rates into<BR>the concept but in Oct of this year this
aspect hurt the model. The interest<BR>rate systems kept us in the market longer
than we should have .. and in the<BR>market we gave back some profits..but made
others in various bond markets as<BR>well as zero coupons. As we want to always
learn and better our models I<BR>went back and researched other instances the
stock market went down and bond<BR>yields went down.. It was a precedant except
for 1933 for a very short<BR>period plus what we have seen in Japan.. stock
market crash and bond yields<BR>going down... With this in mind I put a greater
weighting on the Breadth and<BR>Momentum aspects of the model.. If the market
goes up.. obviously breadth<BR>will be positive and if breadth is weaking... the
market internally is in<BR>danger as is the case currently... [but we must watch
each day and the<BR>situation can improve]. With earnings expectations weakening
.. high<BR>valuations... and world markets in disray caution is in order...
Currently I<BR>am invested 65% long.. we will see what happens...<BR><BR>thanks
for your interest...<BR>-----Original Message-----<BR>From: Bill Murray <<A
href="mailto:wgmurray@xxxxxxxxxxxx";>wgmurray@xxxxxxxxxxxx</A>><BR>To: <A
href="mailto:angus@xxxxxxxxxxxx";>angus@xxxxxxxxxxxx</A> <<A
href="mailto:angus@xxxxxxxxxxxx";>angus@xxxxxxxxxxxx</A>><BR>Date: Wednesday,
December 16, 1998 9:44 AM<BR>Subject: Re: Building Blocks - Trend
Channels<BR><BR><BR>>Hello Andrew,<BR>><BR>>It sounds like you have
developed a methodology to quantify your money<BR>>management system (i.e.
Market safety). I for one would greatly<BR>>appreciate a discussion on
your system and the thoughts used to develope<BR>>it.<BR>><BR>>You also
reference market sentiment as measured by "market vane".
I'm<BR>>unfamiliar with "market vane". Is it an indicator or
system readily<BR>>available?<BR>><BR>>Thank
you.<BR>><BR>>B.M.<BR>><BR>><BR>><BR>>Andrew Abraham cta
wrote:<BR>>><BR>>> I want to thank Jim for his excellant ideas and
help... I would like<BR>>> to intoduce to the group the idea of Market
safety.. My personal<BR>>> efforts have been to develope systems for
knowing if and how much I<BR>>> should be in the market.. I have made a
matrix of systems that scales<BR>>> me in and out of the
market.<BR>>> The reason behind this was my time that I have to find the
gems in the<BR>>> market as well as even if I found these Gems... and the
market turns<BR>>> their worth diminishes. Alot of my work deals with
breadth, sentiment<BR>>> and price momentum. As we stand now Breadth has
deteriorated to an<BR>>> extreme negative level. Momentum has stagnated
and is on the verge of<BR>>> being negative. Lastly sentiment as measured
by market vane 2 weeks<BR>>> ago reached an extreme 73%..<BR>>> One
needs to look at the market on a daily basis and yesterday was a<BR>>>
strong day but the breadth didn't confirm nor did some of the other<BR>>>
indices.<BR>>> I am currently 65% invested in the Rydex Nova. If we turn
down to 1145<BR>>> on the Sp my matrix of systems scales me back much
further...<BR>>> I would like to learn more from Jim and see some chart
examples. I<BR>>> feel I can contribute to the timing aspect. If people
are interested I<BR>>> can elaborate further..
thanks<BR>>><BR>>> Andy Abraham cta<BR>>> Angus
Jackson<BR></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Dec 25 23:27:23 1998
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From: Fred Bender <fbender@xxxxxxxxxxx>
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Date: Tue, 15 Dec 1998 19:56:02 -0700
From: Fred Bender <fbender@xxxxxxxxxxx>
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To: Randall_Gary@xxxxxxxx
Subject: Re: SuperCharts
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Gary,
Replies to your questions:
1. SuperCharts does NOT support the TradeStation Easy Language Editor ("Power
Editor"). It contains something called the "Quick Editor," which is roughly
equivalent to MetaStock's formula and system editor in scope and limitations.
As you probably know, many trading publications publish system formulas in
EasyLanguage, which often are not translatable into their Quick Editor
syntax. Btw, SuperCharts v. 2.x contained the PowerEditor, but not only did
Omega remove it from SC 3 and higher, but they fixed these versions to destroy
SC 2.x and all its files on your hard drive if you try to install a later
version. Lovely customer relations they have!
2. On the relative merits of SC 4.0 and MS 6.5 (note that both vendors have
end-of-day and intra-day versions):
a. MS cannot do systems using more than two data items; SC can do
multi-data systems up to a very large number of data items (I don't know
exactly how many, but I have some systems that use six or seven).
b. SC has nothing equivalent to the Explorer in MS, so you can't rank and
screen securities.
c. You get more canned indicators in MS, but imho you can be more
creative in SC.
d. The system testers operate quite differently. In SC you get results
on one contract only (unless your system allows you to enter multiple times);
in MS the gains are compounded and annual rates of return are given. Imho: a
tossup.
e. MS is definitely faster.
f. SC can read data files in the MS Downloader. It also has files in its
own (apprently proprietary) format, available from Dial Data only. Note: They
may have added a second data supplier since I last looked.
g. Last point: when you turn SC on, it updates signals to the latest
date automat; MS doesn't do this (I know, they have the Experts to perform
this function, but I've never figured out how to avoid multiple arrows in the
same direction in my Experts if the condition for the buy signal, for example,
repeats. I hate the clutter.)
So, there it is. So far, I've felt the need to use both. Maybe someday Equis
will get MS up to speed on multi-data charts.
Randall_Gary@xxxxxxxx wrote:
> Fred,
>
> I caught your reply about MetaStock/SuperCharts on the MetaStock forum. I
> have MetaStock but find the system testing and coding language totally
> limited. I'm interested in SuperCharts and have a few questions.
>
> 1. Are there any limitations on the way SC handles TradeStation's
> EasyLanguage code?
>
> 2. Can you give me some idea of what MS does better than SC, and vice
> versa?
>
> Gary Randall -- Brunswick, Maine
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