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<DIV><FONT color=#000000 face="Times New Roman">Hello everyone :-)</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">As I see it, this all depend on
how much you want to pay</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">for your downloading. Personally
I have a computer from</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">1993, 33 mhz, modem 28 800
bps.</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">To follow the speed of today, I
have to purchase a card,</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">16 550 UART. This will make the
speed available to</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">57 600 - 115 200 bps. (in DOS
you can see which UART</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">your computer is running. Give
the command MSD).</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman">To download a chart will only
take some seconds.</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman"></FONT> </DIV>
<DIV><FONT color=#000000 face="Times New Roman">Hope this helps.</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman"></FONT> </DIV>
<DIV><FONT color=#000000 face="Times New Roman"></FONT> </DIV>
<DIV><FONT color=#000000 face="Times New Roman">:-)
Marianne</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Nov 12 21:42:08 1997
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Resent-Date: Wed, 12 Nov 1997 23:19:03 -0700
Reply-To: "Steven Buss" <sbuss@xxxxxxxxxxx>
From: "Steven Buss" <sbuss@xxxxxxxxxxx>
To: "Metastock-list" <metastock-list@xxxxxxxxxxxxx>
Subject: Industry Index Topping Pattern Update
Date: Wed, 12 Nov 1997 21:12:08 -0000
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Status: O
I'm a newbie, but I've been buying (and quickly selling) puts according to
the strategy I laid out in the note below. It has worked out for me
incredibly well (only because I've read the basic T/A texts and understand
how option premium can change with daily stock price volatility; if you
haven't and/or don't, don't try it).
A few times I've gotten depressed by the thought that there can't possibly
be more stocks left that are a part of S&P industry indices that still show
unrepentant or only recently confirmed tops that can be traded (i.e.,
shorted with long puts) for significant gain.
I browsed the S&P industry indices again tonight. Amazing. There must
still be 10 industry patterns (i.e., about 10% of the total number of S&P
industry patterns) that are unrepentant (i.e., still bullish) or only
recently confirmed topping patterns.
If you aren't making money some other way and if you haven't browsed these
indices to discover the power of "turning to the short side" then you
should...<G>
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
-----Original Message-----
From: Steven Buss <sbuss@xxxxxxxxxxx>
To: Metastock-list <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, October 26, 1997 4:31 PM
Subject: Re: Weekly Stock Watch and Topping Patterns
>Jim,
>
>I've appreciated your sharing with all of us your thoughts. Thought I'd
try
>to summarize my view of an alternative approach.
>
>In the last two weeks there was a brief discussion on the metastock list
>about the relative value of "charting" vs. "harder indicator" based
>approaches. I'm sure both are valuable.
>
>But I think one of the values of charting has been illustrated recently in
>market action. As you note, many major indices have broken trend support
>levels of one kind or another. But there may well be something more going
>on. When you look at the major indices they all, to one degree or another,
>look very much like the tops depicted and described in all the classic
>technical analysis texts.
>
>I performed an interesting exercise over the weekend. I loaded and printed
>all the S&P industry indices and have gone over them one by one. Many,
>maybe even more than 50% (I didn't count), show the same kind of potential
>topping patterns, albeit at varying stages. This is a multi-hour exercise
>but one of, if not the, most valuable exercises I've performed in a many
>months. To get a quick sense of how valuable this might be, look at the
>Philadelphia Semiconductor Index chart (SOX). If that wasn't a train wreck
>waiting to happen I don't know what was.
>
>Now, it's also clear that this could be a bear trap. (Does anyone know the
>stats on this. My sense is that when you see a clear topping pattern in so
>many major and industry indices as well as individual equities that the
odds
>are heavily weighted toward the topping patterns being important
indicators.
>Is this true? Thoughts?) There are certainly things the market could do
>that would convince me that we weren't at the beginnings of a major
downturn
>at least for many individual equities. (Classic stuff like higher highs
and
>higher lows.)
>
>But if we assume that the dominance of topping patterns is very likely to
>result in continued drops in prices, it seems to me that one has to be
>especially careful being long anything as you suggest. Early last week, I
>bought puts on stocks with topping patterns within industries with topping
>patterns. I'm even for the week. Mine didn't drop (yet I hope).
>
>
>Steven Buss
>Walnut Creek, CA
>sbuss@xxxxxxxxxxx
>
>-----Original Message-----
>From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
>To: wayne walusiak <waynewal@xxxxxxxxxxxxxxx>; Vitaly Larichev
><vitaly@xxxxxxxxxxxxx>; Vincent <vmw.sr@xxxxxxxxxxxxxxxx>; Vilas Boas
><vilasboa@xxxxxxxxxxxx>; Tom Barry <tombarry@xxxxxxx>; Tom
><TOM9641@xxxxxxx>; Thurl C. Van Kirk <tvk2@xxxxxxxx>; Steven Buss
><sbuss@xxxxxxxxxxx>; spaman <spaman@xxxxxxxxx>; Shag Johnson
><John.Ben@xxxxxxxxxxxxxxx>; Sam Crowe <ASAMCROWE@xxxxxxxxxx>; Robert Hughes
><magick@xxxxxxxxxxxxxxx>; Robert C. Richmond <rcrich@xxxxxxxxxxxx>; Richard
>Linxwiler <rlinx@xxxxxxxxxxxxxx>; Raymond Hodge <RPHODGE@xxxxxxxxxxx>;
ramon
>P slupsky <zzorro@xxxxxxxxxxxxx>; Quinton E. Collins <quint@xxxxxxxxxxxxx>;
>Privite Investor <private-investor@xxxxxxx>; Peter Rodriguez
><peter.rodriguez@xxxxxxxxxxxxxxx>; PDEE <PDEE@xxxxxxx>; Ned
><ned@xxxxxxxxxxxxxx>; MR PAUL R CAMILLERI <FVNG78A@xxxxxxxxxxx>; Monika &
>Michael Liew <mliew@xxxxxxxxxxxxxxxxxxx>; Michael Smith
><msmith.brightnotes@xxxxxxxxxxx>; Michael Liew <MAL2@xxxxxxxxxxxx>; Michael
>Hall <epitrope@xxxxxxxxxxx>; Michael Arnoldi <marnoldi@xxxxxxxxxx>; Mark
>Johnson <johnson_m@xxxxxxxxxxxxx>; Mark Fauber <MFauber@xxxxxxx>; Marc
>Saegesser <mas@xxxxxxx>; Louis Phillips <KISBAR@xxxxxxxxxxxxxx>; L.
Peterson
><lpeter@xxxxxxxxxx>; L. A. Baker <louab@xxxxxxxxxxxxx>; Kevin Sturgeon
><sturgman@xxxxxxxxxxxxx>; Kenneth R. Lehr <kenlehr@xxxxxxxxxxxx>; John
Wargo
><jwargo@xxxxxxx>; John Manasco <manasco@xxxxxxxxxxxx>; John Cuomo
><jcuomo@xxxxxxxxxxxxxxxxxxxxxxxxxxx>; John Bois <JBois@xxxxxxx>; John &
>Paula <jhl3@xxxxxxxxx>; Jim DeWilder <jdewilder10151@xxxxxxxxxxxxxx>; Jim
>Barone <Wooglinx@xxxxxxx>; Jerry Medlin <jmedlin@xxxxxxxxxxxxx>; Jeff
>Heebner <JWHnHotlanta@xxxxxxxxxxxxxxxx>; Jeff F. Brady
><surfingrincon@xxxxxxxx>; James H. Shaddy <jshaddy@xxxxxxxxxx>; James A.
>Deni <JDENI@xxxxxxxxxxxxxxxx>; jack velte <jackv@xxxxxxxxxxx>; J. Stephen
>Jones <jsjones@xxxxxxxx>; J. Carlos <areia@xxxxxxxxxxxxxxx>; Iris Brown
><irisb@xxxxxxxxxxx>; Hugo Noomen <100413.2325@xxxxxxxxxxxxxx>; Herb
>Jorgensen <HJORGENSEN@xxxxxxxxxx>; Herb Carter <carterh@xxxxxxxxxxxxxxxx>;
>Harlin A. Friedman <hafstrat@xxxxxxxxxxxxxxx>; Guy Gordon
><gordon@xxxxxxxxxxx>; Gunter <GUNTERE@xxxxxxxxxx>; Gitanshu Buch
><OnWingsofEagles@xxxxxxx>; GARY MONTGOMERY <Efficiency@xxxxxxxxxxxxxxx>;
>Frank B. Gaylord <fbg@xxxxxxxxxxxxxx>; Francois Martin
><francoisma@xxxxxxxxx>; fletch <fletchmo@xxxxxxx>; Ed Schwab
><edschwab@xxxxxxxxxxxxxxxxxx>; Ed Hancock <ehancock@xxxxxxxxxx>; Drew
>Hawkins <dhawkins@xxxxxxxxxxxx>; Don Hodges <dhodges@xxxxxxxxxxxxxxxx>; Doc
>Amin <amin@xxxxxxxxxxxxx>; Dick Jurgens <dickj@xxxxxxxx>; Denis Trover
><dtrover@xxxxxxxxxxxxx>; David Kohn <dnkohn@xxxxxxxxx>; David Castley
><David.Castley@xxxxxxxxxxxxxx>; Dave Zawicki <JohnZGalt@xxxxxxxxxxxxxxxx>;
D
>J Hadley <animal@xxxxxxxxx>; Craig Camp <CCAMP@xxxxxxx>; Cliff Frish
><cbfrish@xxxxxxxxxxxxxxxx>; Claude Baruch <ClaudB@xxxxxxx>; Christopher J.
>Lewis <katlewis@xxxxxxxxxx>; Chip Anderson <chipa@xxxxxxxxxxxxxxx>; Carole
>Frohardt <cfro@xxxxxxxxxxxxxxxxxxx>; Carlos D. Thomason
<deant@xxxxxxxxxxx>;
>Bob Fulks <bfulks@xxxxxxxxxxx>; bill bolumen <bolumen@xxxxxxxxxxxxxxxx>;
>Bill <WPhill9611@xxxxxxx>; Bart Waller <bartco95@xxxxxxxx>; Al Dharsee
><Dharsee@xxxxxxx>; Harley D. Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
>Date: Saturday, October 25, 1997 9:26 PM
>Subject: Weekly Stock Watch
>
>
>>All,
>> I'm sure you've noticed that I'm sticking with stock watch, not stock
>>pick <G>. It looks like I was wrong on switching back toward larger cap
>>stocks. Friday, both CUBE and CPQ closed below my stop and I'll close
>those
>>positions Monday. I don't mind taking the profits in CUBE, but don't like
>>the quick loss in CPQ. However, it now looks like CPQ will head back to
>the
>>bottom of its intermediate term up trend channel at 56. I still like CPQ
>>and want to get back in, but will wait for it to test the bottom of the
>>intermediate term channel.
>> Looking at the indices, both the DJIA and the OEX broke through the
>>bottom of my up trend channels, while the NYA, SPX, RUT, and NASD are
still
>>in their up trend channels. That indicates to me that my move back to the
>>larger caps was premature and also we are still in danger of an overall
>down
>>trend. I don't think that will happen but I've been wrong before and will
>>be wrong again <G>. Anyhow, the prudent thing to do here is to build up
>>some buying power and watch for a few days at least.
>> I did want to identify a strong stock in a strong group to test the
>>waters with if it looks like the up trend is going to continue. After
>>looking for strong industry groups, I finally decided on the oil drilling
>>group which has done good for quite a while and shows no sign of slowing
>>down. I then looked at some analyst stories and liked what I saw about
>>Rowan Companies (RDC). While RDC is in both offshore and land drilling as
>>well as heavy equipment manufacturing and transportation, the real story
is
>>deep water drilling. The rates for deep water drilling are exploding and
>>RDC has most of the new capacity coming on line in the next few years.
>>Their earnings are already turning up with last quarters earnings being
>over
>>50% of the previous quarters and more than double the quarterly earnings a
>>year ago. With a lock on deep water drilling, the earnings should
>>accelerate even more from here.
>> RDC at 39.312 is slightly below mid channel of an Intermediate Term
Up
>>Trend Channel (ITUTC) with the top at 45 and the bottom at 35 1/2. There
>>was a MetaStock RSquared, S/C,MFI system test buy signal in late May and
>>the stock has been moving up strongly ever since with only one sideways
>move
>>to the bottom of the channel in July and August followed by another strong
>>up move in September and August. In October, RDC did move down and
>sideways
>>to its current mid channel position. RSquared and S/C indicate a strong
>>trend in progress, but the money flow did drop in August and September and
>>has leveled off in October. The fundamentals are excellent except for PSR
>>which is at 5.06 and higher than I would like. However, this is offset by
>>the potential for large earnings gains. The Debt/Equity is 0.48, there is
>>over 30% insider ownership, and revenues have been growing at over 20% per
>>year. In a perfect world, I'd like further movement towards the bottom of
>>the channel before entering. However, I'll also enter if it breaks out
and
>>the market looks like it is resuming its upward move. I'll keep the email
>>list posted.
>> RDC.GIF attached.
>>
>>Jim
>>
>>
>>
>
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