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<DIV><FONT color=#000000 face=Arial size=2>Happy Holidays Jim,</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Telescan prosearches are great for fundamental
searches, and basic technical considerations. I don't think there's any other
service like it, available to individuals like you and I. There are hundreds of
searchable criteria available, it's fast, and relatively inexpensive for what
you can do. (In fact, that's the biggest danger of using it; getting wrapped up
into all the possibilities can lead you into a bewildering array of investing
ideas.)</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Jim Greening has kindly given out his prosearches
here many times, and I've been going over his investment style lately (since the
market hasn't been responding to good earnings/news with running up the stock
prices) He's got a value prosearch, growth PS, and other good ideas, while other
users seem to prefer just duplicating the candidate list from the IBD weekly
review (high ERG) but being able to do it every day.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Telescan has no where NEAR the canned indicators
and individual issue backtesting capability of MS6.5, so you're really not
duplicating your efforts by using both.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Hope I've answered your
question.......</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Dick</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>P.S. I had the opportunity to visit the Telescan
operation in Houston, and it's really quite impressive. They DO have technical
glitches from time to time, but when you step back and look at the service they
provide, it's kind of like getting to see a movie like The "Titanic"
for the price of $6.50 ticket.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2> </FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT><FONT face=Arial size=2>IBD
also offers a searchable database but charges over $100,000/yr. for
institutional clients so Telescan is pretty much the only game in town, unless
you want to search quarterly reports by hand. <g></FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jim <<A
href="mailto:anncora@xxxxxxxxxxxxxx";>anncora@xxxxxxxxxxxxxx</A>><BR><B>To:
</B>Dick <<A
href="mailto:dick@xxxxxxxxxxxxx";>dick@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Wednesday, December 24, 1997 7:20 AM<BR><B>Subject: </B>Re: Exploration
for Metastock 6.5 <BR><BR></DIV></FONT>thank you for your resply..i am
heading south to florida for the holiday and will get back with when i
return....but just a few more..have you ever compared T-F or M-S with
telescan using prosearch<BR><BR>At 05:58 AM 12/24/97 -1000, you wrote:
<BR>>>>><BR>
<BLOCKQUOTE><?fontfamily><?param Arial><?smaller>Hi Jim,<BR><?/smaller><?/fontfamily><BR><?fontfamily><?param Arial><?smaller>I
heard about the Technifilter program from Frank Gaylord, and bought the
Dos version. I liked it so much, I also bought the new version, and it
compliments Metastock perfectly.....they both use the same file format
(Metastock) and since I use the Chartcraft version of Point and Figure
charting, I find the configurability of the point and figure searches to
be unique. As far as I know, there is no other software commercially
available that will do what Technifilter 8.1 does. It's also nice to be
able to create lists in text format and automate all your searches
together. As for speed, I think the Windows format slows TF8.x down a
little from the Dos version. (but since it's automated, you just leave
it alone and come back to it, when it's done.)<BR><?/smaller><?/fontfamily><BR><?fontfamily><?param Arial><?smaller>Metastock
has strengths that TF8 doesn't have and visa versa, so I'd recommend
both.<BR><?/smaller><?/fontfamily><BR><?fontfamily><?param Arial><?smaller>Also,
the tech support doesn't get any better than Clay at
Rtr/Technifilter.<BR><?/smaller><?/fontfamily><BR><?fontfamily><?param Arial><?smaller>Dick<BR><?/smaller><?/fontfamily>
<BLOCKQUOTE><B><?fontfamily><?param Arial><?smaller>-----Original
Message-----<BR>From:<?/smaller><?/fontfamily> </B><?fontfamily><?param Arial><?smaller>Frank B. Gaylord
<<mailto:fbg@xxxxxxxxxxxxxx>fbg@xxxxxxxxxxxxxx><BR><B>To:
</B><mailto:metastock-list@xxxxxxxxxxxxx>metastock-list@xxxxxxxxxxxxx
<<mailto:metastock-list@xxxxxxxxxxxxx>metastock-list@xxxxxxxxxxxxx><BR><B>Date:
</B>Tuesday, December 23, 1997 5:31 PM<BR><B>Subject: </B>Re:
Exploration for Metastock 6.5 <BR><BR><?/smaller><?/fontfamily>At
02:28 PM 12/23/97 , you wrote: <BR>
<BLOCKQUOTE>Does anyone know what new exploration are available
for MS 6.5? Or know where I can find some? The Equis site does
not seems to have any. <BR><BR>Also, somebody told me to use the
newer version of Technifilter instead of the explorer on MS. Can
anyone tell me what differences exist between the two, and
provide some comments. Is Technifilter a better program to
filter stocks? I would greatly appreciate any comments
provided...
<BR><BR><?center>*********************************************
<BR>Have a nice Day <BR>Jim Kerwin <BR>Atlanta,Georgia
<BR><<http://www.mindspring.com/~anncora/index.htm>http://www.mindspring.com/~anncora/index.htm>
<BR><?/center>**********************************************
<BR><BR></BLOCKQUOTE>::::::::::::::::::::::::::::::::::::::::<BR><BR>Jim
-<BR><BR>I prefer TechniFilter Plus 7.1 (the older DOS version; I do
not yet have the newer Windows version) over The Explorer in
MetaStock 6.5 because it is so efficient in calculating single or
multiple, nested or not nested filters, automatically or manually.
I've used this and earlier versions of TechniFilter from the early
days, when EQUIS International sold it, before some of what
TechniFilter did was incorporated in MetaStock as The Explorer. It
seems to me that The Explorer has lagged behind TechniFilter in
power and ease of use.<BR><BR>I see no reason that EQUIS
International cannot build The Explorer into a filtering entity that
rivals TechniFilter Plus if MetaStock users and other Technical
Analysis folks tell them that we what List-building capabilities,
nesting capabilities, Trendline generation and automation to name a
few, all in a module that calculates about twice as fast as it does
now (it takes The Explorer just under twice as long as TechniFilter
Plus 7.1 to calculate basically the same filter; also remember that
TechniFilter Plus 7.1 is DOS, which, I assume, is inherently faster
than the Windows 95 and NT MetaStock 6.5 The Explorer, so this
comparison may not be apple and apples, but rather apples and
oranges).<BR><BR>Please understand I believe that MetaStock 6.5's
The Explorer can and does get the job done to the user's profit and
that I wish to see it do so more efficiently. <BR><BR>-- Frank
:-)<BR><BR>High Return on Investment using Technical
Analysis<BR><http://www.usinternet.com/users/fbg/>http://www.usinternet.com/users/fbg/<BR>Minnesota
Long Distance Canoe
Racing<BR><http://www.usinternet.com/users/fbg/mnlong/>http://www.usinternet.com/users/fbg/mnlong/<BR>------------------------------------------------------------------------
<BR></BLOCKQUOTE><BR></BLOCKQUOTE><<<<<BR><BR><BR><BR><BR><?center>*********************************************<BR>Have
a nice Day<BR>Jim
Kerwin<BR>Atlanta,Georgia<BR><http://www.mindspring.com/~anncora/index.htm><BR><?/center>**********************************************</BLOCKQUOTE></BODY></HTML>
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Subject: Re: PCQuote
Date: Fri, 26 Dec 1997 14:45:44 -1000
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<DIV><FONT color=#000000 face=Arial size=2>Happy Holidays Harley !</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I've been trying to figure out a response that
wouldn't take 30 pages to articulate...but I'll give it my best
shot.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>If the market is going up, everybody's happy
because everyone's making money, right ?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>But if it's dropping or going sideways (like now),
only the shorts and put buyers are making money, while the other side of those
trades, namely the longs and put sellers, are losing. In other words, in a down
or sideways market, in order to make money, you're taking it from somebody else.
</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>And on the other sides of those trades are some
pretty smart people, playing the game with professional tools. For example,
Goldman Sachs has the smartest market makers in the world, working on stocks
like Dell and Intel, while the Soesing operations (LAN based directly to the
ECN's) *depend* on slower, dumber money (us) coming into the market, where they
can successively bid up shares of stock and get out when new interest (us) sees
the move, gets in, and "KAPOW!"..the smart money sells, and the price
plummets. (This happened the other day on YHOO....I think that's one that you've
been watching, right ?)</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>In an up market, who need real time ? Everybody
buys (and doesn't sell) in order to make money.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>In a down market, who makes money ? The quickest
and the best informed, of course, and if you don't have REAL real-time, you're
going to get killed. You can lose a full point (with slightly delayed real-time
prices) before it even shows up on your internet PC Quote screen. How do I know
this ? Because it's happened to me with stocks I've been watching, and the trade
printed before the L2 or market screen price changed !</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Does that sound like real time to you ? Better
still, how would you check ?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Let me ask you another question, Harley.......if
you have 1000 shares (in a market like this) and you lose a full point in a few
seconds, would you continue to hold, or would you sell quickly, knowing that you
can always buy it back lower ?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>If you didn't respond, "SELL", you'd
better not buy them in the first place. It goes down, MUCH faster than it goes
up and if you don't take quick profits and admit when you're wrong, your
risk/reward goes through the roof! (read: you won't be in the game
long)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>The reason ? It's all momentum
players........just watch the end of day selloffs (and short
coverings)</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT><FONT face=Arial size=2>And in
momentum, it's the quick and the dead. (apologies to Clint Eastwood
<g>)</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT><FONT color=#000000 face=Arial size=2>When
the market turns sunny and warm again, the real time is unecessary.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>And of course you can stay fully invested at all
times, and open end-of-day-data technical trades, but why would you need delayed
real-time for that ? (not to mention wasting your life in front a screen just to
watch your price (hopefully) march between support and resistance)</FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2>Getting real-time prices sounds *intuitively* like
it would make you money (or at the very least, save you money) But in the end,
unless you have the same technical edge as the people trying to take your money,
it's just like showing up for a gunfight, carrying a knife.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>And Happy New Year
<g></FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Dick</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Harley Meyer <<A
href="mailto:meyer@xxxxxxxxxxx";>meyer@xxxxxxxxxxx</A>><BR><B>To: </B>Dick
<dick@xxxxxxxxxxxxx><BR><B>Cc:
</B>Metastock list <<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Tuesday, December 23, 1997 6:09 PM<BR><B>Subject:
</B>PCQuote<BR><BR></DIV></FONT>Hello Dick, <BR>I have never traded on a LAN
based real-time system. So I don't have anything to compare it with except
the some of the other junk that is out there, Signal and ??? <BR>Maybe it is
good to be naive about some things, like PCQuote being slow. For the average
joe like me it is a good deal.
<P>I agree that technical support consists of trained personal to answer the
FAQs. Not a great deal of depth. But they do do a good job with the FAQs.
<BR>As far a psychological pressure it is still relative. If I take too big
of a trade the pressure is there and I can make a bad decision based upon
placing too much money in one trade. I am sure you are talking about
something completely different but I can relate to what you are saying.
<P>I think out of fairness to PCQuote and the individuals who are reading
this we both need to be specific about what is good and bad about PCQuote as
a RT data vendor. You have already commented that the Turbo Option service
is slow and you are just mentioning Bonds. We both agreed that CNBC is
faster on the major market indexes.
<P>But for me the good thing about PCQuote real time is that 90% of the
time, the stock quotes are timely. Real time? I don't know, but it is just
as accurate as Datek and Datek is pretty good. I can place my trades based
upon the quotes and they can get filled. It does have it's problems at times
but I have been able to work around them. Or I will take things in
perspective that I am paying $75/month. Their service is improving and their
customer service has also improved. To me that counts for something.
<P>My style of trading is position trading with some day trading if I see an
opportunity. So the speed of the broader market isn't all that important
since my time frame of a trade can last several days to weeks.
<P>If you don't mind would you write a short brief paragraph to recap the
the problems with PCQuote and tell us about your style of trading. We both
run into many people. When asked or the subject comes up, I always speak
well of PCQuote. But if PCQuote isn't right for a particular style or type
of trading I wouldn't want to steer someone in the wrong direction.
<P>I actually am reading a certain level of anger and frustration, not being
negative. You have every right to vent every now and then about problems
like these. I learned from it. I am sure that others have learned as well. I
hope you'll indulge us briefly one more time.
<P>I hope that you get something figured out for your data provider.
<P>I hope that 1998 is good to you.
<P>Harley
<P>Dick wrote:
<BLOCKQUOTE TYPE = CITE> <FONT face=Arial><FONT size=-1>Hi again
Harley,</FONT></FONT> <FONT face=Arial><FONT size=-1>I don't know
if you've ever had the opportunity to trade a LAN-based real-time setup,
but the "response" of the system tells you so much more about
the tone of the market than the PC Quote internet based system, it's
just ridiculous.</FONT></FONT> <FONT face=Arial><FONT size=-1>It's
"apples and oranges" Harley. You don't realize how slow and
innaccurate the PCQ internet system is, because you don't have a
reference to compare.</FONT></FONT> <FONT face=Arial><FONT
size=-1>Also, the tech support there is laughable........nobody trades !
They can't</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>tell you why
the system doesn't work, because they don't know what it's</FONT></FONT>
<BR><FONT face=Arial><FONT size=-1>supposed to do. ( And yes, the huge
down days were slow on all data</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1>providers, but the PCQ update speed varies every single day.)
You can't tell</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>if the
futures or the NDX or the bonds are leading the market,
because</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1>again........it's not real time.</FONT></FONT> <FONT
face=Arial><FONT size=-1>I've spent a good deal of money finding that
out, Harley. And when they say,</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1>"Well it's your ISP." Or, "Well, it's the
internet traffic". Or, "It's your</FONT></FONT> <BR><FONT
face=Arial><FONT size=-1>computer or modem" Or, "All the data
providers are slow today"........I say,</FONT></FONT> <BR><FONT
face=Arial><FONT size=-1>"Baloney".</FONT></FONT> <FONT
face=Arial><FONT size=-1>It's because I've learned my PC Quote lesson
the hard way...by paying the</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1>money and spending the time, and finding out they just don't
know any</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1>better.</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>When
you start trading in greater size, Harley, I think you'll find
the</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>psychogical
pressure to be on a technological equal with the greater
market</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>will drive you
to the same conclusion.......I had just hoped to spare you</FONT></FONT>
<BR><FONT face=Arial><FONT size=-1>the cost of learning the hard
way.</FONT></FONT> <FONT face=Arial><FONT color=#000000><FONT
size=-1>Thanks for note and the offer of the DDE linking
explanations.......I *would* like to learn more about linking
spreadsheets to other applications, but that's a different
subject.</FONT></FONT></FONT> <FONT face=Arial><FONT size=-1>Happy
Holidays to you and yours,</FONT></FONT> <FONT face=Arial><FONT
size=-1>Dick</FONT></FONT><FONT face=Arial><FONT size=-1>P.S. In
re-reading this note, it sounds like I'm being more negative than I
really am......please don't take this note wrong Harley. In this
"age of information" it's amazing how hard-won even the
smallest piece of really useful information is to come by. Caveat
Emptor.</FONT></FONT> >Hello Dick, <BR>>I am glad you made
this post. I had typed up a reply earlier and <BR>>Netscape Crashed
so I will make a few brief comments. <BR>> <BR>>I think the server
farm helps with reliable connection to PCQuote <BR>>service and has
nothing to do with the ability to handle heavy volume <BR>>days on
the exchange. <BR>> <BR>>You can use the ticker with the inside
market and the regionals to have <BR>>almost Level II for free.
<BR>> <BR>>Yes I agree that under heavy volume days the quotes
fall behind. But <BR>>everybody else does too. This is a technology
problem that I hope <BR>>somebody will solve someday. <BR>>
<BR>>I also am keeping things in perspective. If 95% of the days
PCQuote <BR>>provides great performance I am not going to complain
about the other 5% <BR>>of the times. I pay $75/month for a RT data
provider which is better <BR>>than Signal and several others. If
PCQuote is having trouble on a heavy <BR>>volume day, so are the
other vendors. So try to keep things in <BR>>perspective. How many
professional brokers were there that couldn't even <BR>>get a quote
in our last mini crash. Many of them-let alone make a trade <BR>>for
their clients. We are on the fore front of technology and can't
<BR>>expect vendors to do what we want until the technology catches
up. <BR>>I too have talked to technical support, development, at
PCQuote and they <BR>>said that the packets do get sent out. If they
get lost it is our <BR>>problem. On a busy day check the messages in
you MSG app. It will say <BR>>things like data backed up, dumping
buffer, etc. SO again this isn't the <BR>>fault of the vendor. For me
it goes back to technology (not <BR>>computers-but modems speeds,
bandwidth,etc). <BR>> <BR>>Also look at what you pay a month for
data compared to me. Subtract the <BR>>difference and see if those
few days where volume slows things down and <BR>>you can't trade is
more or less than the amount of money you might make <BR>>or lose in
the market those few days. <BR>> <BR>>I have found that the quote
window is almost identical to Datek on a <BR>>normal day for giving
bid and ask. The regionals can be a bit slower. <BR>>The ticker
window with the last price and volume helps me and pretty <BR>>much
keeps up on heavy volume days. (too a point.) This will give me
<BR>>direction-heck with the bid and ask. I think the big thing is to
build a <BR>>system of in-expensive backups. Aside from the charts in
Excel, the DDE <BR>>link can be to another server. Different from the
one that PCQuote real <BR>>time uses. Hence another backup. <BR>>
<BR>>Yes CNBC is faster on the market indexes. But I am more
concerned about <BR>>the general direction. Most stocks don't turn on
a dime if the DJIA or <BR>>NASDAQ pulls back. Most traders are
trained to wait until some trigger <BR>>occurs. SO the small delay is
irrelevant since it might look like the <BR>>top or the bottom for me
but in actuality the market movers were waiting <BR>>for another
signal. Big deal I am looking for patterns and how my stock
<BR>>reacts to the major indices. (Note I am charting the indexes
with the <BR>>DDE link to Excel.) <BR>>The big thing that Excel
gives me is the ability to use the data (market <BR>>breadth &
indexes) on another computer that is networked. Because the <BR>>file
is saved it is slightly delayed by 20 seconds plus whatever delay
<BR>>there is from CNBC. <BR>> <BR>>I don't play options so I
can't comment on them. But what it sounds like <BR>>you really need
is a good inexpensive backup to get option quotes. Even <BR>>your
broker should be able to give a current quote prior to your order.
<BR>>(Like I use Datek, if all else fails.) <BR>>Another option
would be to use Excel to bring in the option prices and <BR>>then do
some experimenting to see if that might help. <BR>> <BR>>Dick if
you plan to keep PCQuote, I am willing to try to share ideas
<BR>>about how to create backups for some of the problems we run
into. If you <BR>>also think you would use Excel DDE link, I'd be
willing to send you some <BR>>files. <BR>>I will admit that Excel
isn't the best. But I am patiently waiting for <BR>>MS RT and hoping
that PCQuote will be a vendor. <BR>> <BR>>Again with proper
backups and keeping thing in perspective I think <BR>>PCQuote is the
best around for the $75/month. I have seen an improvement <BR>>in
their service and they have improved their customer service. For me,
<BR>>as long as they continue to make an effort to make improvements
in their <BR>>service, they are worth staying loyal to. <BR>>
<BR>>Well I had better go. <BR>>Again thanks for sending the post.
What ever you decide to do I hope you <BR>>get the problem resolved.
It is annoying. <BR>> <BR>>Harley <BR>> <BR>>Dick wrote:
<BR>> <BR>>> Hi Harley, <BR>>> <BR>>> I've had PC
Quotes for about a year now, and it's worked great during <BR>>>
the <BR>>> "bull" months (of course, it's not really
need when everything's going <BR>>> <BR>>> up)...The
increasing market volume has really magnified it's bandwidth
<BR>>> <BR>>> weakness though, and although we've been given
those little e-mail <BR>>> assurances that the server farm is up
and running, the times when you <BR>>> need <BR>>> accurate
quotes the most, finds the data feed sadly lacking. <BR>>>
<BR>>> (I'm going to explain a little more, because this is
probably a topic <BR>>> of <BR>>> interest to more than a
few here, and I can probably save them money <BR>>> by
<BR>>> relating my missteps through the real-time data minefield.
<g>) <BR>>> <BR>>> As you know, the least risky time
to enter a buy order on a big down <BR>>> day is <BR>>> at
the first big "trough" when the panic (read: volume) peaks as
the <BR>>> price <BR>>> gaps down at the open. This usually
occurs during the first 30-45 <BR>>> minutes of <BR>>> the
trading day, and if you enable the S&P futures ($55 extra exchange
<BR>>> fee) <BR>>> it usually gives you the leading edge of
market direction. (I don't <BR>>> like to <BR>>> use the
PREM or $sps (S&P futures premium to the cash market) alone,
<BR>>> because <BR>>> it only gives you the static picture,
and doesn't show the "speed" of <BR>>> the <BR>>>
peaks and valleys like the chart does.) But at the bottom (heaviest
<BR>>> volume) <BR>>> the feed slows due the bandwidth, and
you had better not depend on it <BR>>> for <BR>>> timing
buys. <BR>>> <BR>>> If you enable Nasdaq Level 2 ($50 pc
quote/$50 exchange fee) you can <BR>>> see the <BR>>> size
and depth of the inside market, as well as the identity of the
<BR>>> sellers/buyers. This is very useful too, IF it all works
and you get <BR>>> the <BR>>> information promptly and in
the right order. <BR>>> <BR>>> Now the problem.......PC
Quote Nasdaq L2 is frequently *behind* the <BR>>> time and
<BR>>> sales list ! And as you've probably noticed, the PCQ
version of the <BR>>> Dow, <BR>>> S&P, and Nasdaq
figures shown on CNBC are several seconds behind, even <BR>>> on a
<BR>>> LIGHT trading day. <BR>>> <BR>>> I can't tell
you how many times I've place limit orders on Philly <BR>>>
exchange <BR>>> options (i.e. Dell calls/puts) and not gotten
filled, simply because <BR>>> the <BR>>> darnnit PCQ turbo
options ($50 extra) is dragging the market too. How <BR>>> do I
<BR>>> know ? The broker I used to use for options would put me
hold while <BR>>> placing <BR>>> the order, and they had a
live mike on the floor (for on-hold <BR>>> customers <BR>>>
entertainment I guess <g>). Even though I'd place a limit at the
<BR>>> "natural" <BR>>> bid or ask, I still
wouldn't get filled because the prices had moved <BR>>> so far
<BR>>> while the PCQ version of it was waaayyyyyyyy off, even on
lighter days <BR>>> ! <BR>>> <BR>>> And the reason I
mention the Philly exchange in particular, is that <BR>>> it's
<BR>>> suicide to place a market order on the Philly, unless you
like paying <BR>>> the <BR>>> highest price printed that
DAY........guaranteed ! I eventually went <BR>>> to <BR>>>
placing RAES market orders on the other exchanges, but the turbo
<BR>>> options <BR>>> package is anything but
"turbo". <BR>>> <BR>>> I naturally have called PCQ
tech support, and inquired what the <BR>>> problem <BR>>>
might be, and they told me it was my internet connection or <BR>>>
computer..........Soooooo, after a blindingly dull sampling of every
<BR>>> ISP <BR>>> available, I finally got cable modem, and
after wondering if my <BR>>> Pentium 133 <BR>>> was the
bottleneck, I finally bought a Pentium II 300 with AGP <BR>>>
graphics and <BR>>> 128 meg (as discussed earlier this year)
<BR>>> <BR>>> Nope. That wasn't the problem. It's still slow
to update. <BR>>> <BR>>> (Just for reference, I downloaded
the 13+ meg MS Internet Explorer 4 <BR>>> update <BR>>>
yesterday from the MS Redmond Washington high bandwith site, in
<BR>>> ........ahem.......6 minutes ?) I don't think my ISP is the
problem. <BR>>> <BR>>> Sorry about the long post, but I
think it's important to realize that <BR>>> a lot <BR>>> of
the up and down intraday swings in recent months are generated by
<BR>>> notoriously fickle momentum players and to be
"late" is to be "dead", <BR>>> if you
<BR>>> catch my drift. <BR>>> <BR>>> BTW, Datek
executions are MUCH faster with cable modem.........like <BR>>>
you <BR>>> said, they seem to get real time quotes out faster than
PCQ........I'm <BR>>> not <BR>>> sure I can get DTN or BMI
out here (because they strip data on local <BR>>> cable
<BR>>> channels) but I think I'm going to go without the Nasdaq L2
(which <BR>>> they <BR>>> don't offer) and just get the
fastest prices I can find. <BR>>> <BR>>> Dick <BR>>>
<BR>>> PS. The Excel DDE linking is slower than the Real Tick III
<BR>>> charting.....I <BR>>> don't know if short-term
matters to you, but I try to keep the saying <BR>>> in
<BR>>> mind, "Sell when you can, not when you have to."
<BR>>> On a down day, I can usually break even or even show a
small profit by <BR>>> <BR>>> buying at the right place on
the troughs and being ready to sell at <BR>>> the <BR>>>
peaks. If it turns out to be a turnaround day (like yesterday) you can
<BR>>> do <BR>>> pretty well if you correctly judge the
capitulation point (like -269 <BR>>> <g>) <BR>>> and
buy into the mess. <BR>>> But for that, you need REAL real-time
data. <BR>>> <BR>>> From: Harley Meyer <<A
href="mailto:meyer@xxxxxxxxxxx";>meyer@xxxxxxxxxxx</A>> <BR>>>
To: Dick <<A
href="mailto:dick@xxxxxxxxxxxxx";>dick@xxxxxxxxxxxxx</A>> <BR>>>
Cc: <A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>
<<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>>
<BR>>> Date: Friday, December 19, 1997 9:47 PM <BR>>>
Subject: Re: Downloader Question <BR>>> <BR>>> >Hello
Dick, <BR>>> > <BR>>> >I too have PCQuote and I have
felt that they are actually getting <BR>>> >better. Now that
they have the server farm. I however in my infinite <BR>>>
>wisdom have chosen the $75/month service. I can do more in Excel
than <BR>>> <BR>>> >what I could do with the canned
charting program they offer for <BR>>> >$200+/month.
<BR>>> >As far as the quotes they do get backed up some times.
If it gets <BR>>> real <BR>>> >bad I'll check the quotes
on Datek. Since Datek is very good when it <BR>>> >comes to the
big volume days I have a good free backup. But for the <BR>>> most
<BR>>> >part I have felt that they are making improvements in
this area as <BR>>> well. <BR>>> > <BR>>> >Some
areas that can add to this problem is how far off the internet
<BR>>> back <BR>>> >bone you are. The others are phone
line quality, modem speed, memory <BR>>> and <BR>>> >CPU.
<BR>>> > <BR>>> >Not to turn this into a debate about
PCQuote. My guess is that since <BR>>> you <BR>>> >are
paying for the top service you are expecting better service.
<BR>>> While <BR>>> >me paying for the $75/month service
I am a little more tolerant. For <BR>>> >$75/month it is
probable the best service. And you know (I hope you <BR>>>
>know) that it is faster than Signal and a few other ones out in the
<BR>>> >market. <BR>>> > <BR>>> >Sorry to
hear you are having trouble and I hope you get them worked <BR>>>
out. <BR>>> > <BR>>> >Harley <BR>>> >
<BR>>> > <BR>>> >Dick wrote: <BR>>> >
<BR>>> >> Richard, do you use the paid real-time version of
quotes plus, or <BR>>> do <BR>>> >> you <BR>>>
>> just use the free version on the web ? I've got PC Quote via
the <BR>>> >> internet <BR>>> >> (because the
satellite footprint doesn't extend out here, but it's <BR>>> NOT
<BR>>> >> real <BR>>> >> time, even though it
costs 3-400/month. In fact, I wouldn't <BR>>> recommend
<BR>>> >> PC <BR>>> >> Quote internet to my
worst enemy, even if I had one !<g> <BR>>> >>
<BR>>> >> On heavy volume days like today, it is suicide to
trade the PC Q <BR>>> >> internet <BR>>> >>
version data (it literally stopped dead today at the bottom)
<BR>>> >> <BR>>> >> Does anyone have a more
robust real-time system that costs <BR>>> something <BR>>>
>> south <BR>>> >> of a bloomberg machine ?
<BR>>> >> <BR>>> >> Dick <BR>>> >>
-----Original Message----- <BR>>> >> From: Richard Estes
<restes@xxxxxxxxx>
<BR>>> >> To: <A
href="mailto:vitaly@xxxxxxxxxxxxx";>vitaly@xxxxxxxxxxxxx</A> <<A
href="mailto:vitaly@xxxxxxxxxxxxx";>vitaly@xxxxxxxxxxxxx</A>>;
<BR>>> <A
href="mailto:chipa@xxxxxxxxxxxxxxx";>chipa@xxxxxxxxxxxxxxx</A>
<BR>>> >> <BR>>> >> <<A
href="mailto:chipa@xxxxxxxxxxxxxxx";>chipa@xxxxxxxxxxxxxxx</A>>
<BR>>> >> Cc: <A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>
<<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>>
<BR>>> >> Date: Friday, December 19, 1997 9:10 AM
<BR>>> >> Subject: Re: Downloader Question <BR>>>
>> <BR>>> >> >Quote plus and TC2000 PRO
<BR>>> >> >Richard Estes <BR>>> >>
>-----Original Message----- <BR>>> >> >From: Vitaly
Larichev <<A
href="mailto:vitaly@xxxxxxxxxxxxx";>vitaly@xxxxxxxxxxxxx</A>>
<BR>>> >> >To: <A
href="mailto:chipa@xxxxxxxxxxxxxxx";>chipa@xxxxxxxxxxxxxxx</A> <<A
href="mailto:chipa@xxxxxxxxxxxxxxx";>chipa@xxxxxxxxxxxxxxx</A>>
<BR>>> >> >Cc: <A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>
<<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>>
<BR>>> >> >Date: Friday, December 19, 1997 11:59 AM
<BR>>> >> >Subject: Re: Downloader Question <BR>>>
>> > <BR>>> >> > <BR>>> >>
>>Chip Anderson wrote: <BR>>> >> >> <BR>>>
>> >>> ... Does anyone else use a data provider that
automatically <BR>>> >> updates <BR>>> >>
>>> symbols for them? ... <BR>>> >> >>
<BR>>> >> >>QPlus. <BR>>> >> >>
Cheers, Vitaly <BR>>> >> >> <BR>>> >> >
<BR>>> > <BR>>> > <BR>>> > <BR>> <BR>>
<BR>></BLOCKQUOTE> </BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Dec 26 17:14:23 1997
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Reply-To: "Richard Estes" <restes@xxxxxxxxx>
From: "Richard Estes" <restes@xxxxxxxxx>
To: "Dick" <dick@xxxxxxxxxxxxx>, <metastock-list@xxxxxxxxxxxxx>
Subject: Re: Exploration for Metastock 6.5
Date: Fri, 26 Dec 1997 19:01:42 -0600
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Status:
I should be a TFilter user but I am not . It has the some of the best
scanning ability around. But People like Bill Sandusky, the wizard of
Atlanta, provides the expertise at SI.
There is a product, I am testing in beta, Quotes Plus 2.0 that is a good
data source, charting program, and indicator/funnymental scan capability
with automatic metastock conversion to the 255 file directory. It is a
tremendous bang for the dollar. It is being built to be a very good
competitor to the majority of data packages out there. Release should come
in first quarter 98.
Richard Estes
-----Original Message-----
From: Dick <dick@xxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Friday, December 26, 1997 5:02 PM
Subject: Re: Exploration for Metastock 6.5
>Hi Vitaly,
>
>Happy holidays to you and yours. I don't use the automation feature of
TF8.x
>for multiple issue system test reporting (because I like the charting
>appearance of MS 6.5 better) but I'm sure it can do them.
>
>You'd have to try it to see what I mean when I say TF8.x and MS6.5 are
>complimentary, and not necessarily competitive.
>
>BTW, there's a Technifilter discussion group over on Silicon Investor,
>supported by none other than our own Richard Estes. Infrequent, but
>illuminating posts for Technifilter users.
>
>Happy Holidays to all,
>
>Dick
>
>-----Original Message-----
>From: Vitaly Larichev <vitaly@xxxxxxxxxxxxx>
>To: Dick <dick@xxxxxxxxxxxxx>
>Date: Wednesday, December 24, 1997 6:37 AM
>Subject: Re: Exploration for Metastock 6.5
>
>
>>Holiday Greetings, Dick !
>>
>>It was nice to learn that Technifilter can do more (in some aspects)
>>than Metastock. The thing that I consider as a major drawback in MS is
>>that you cannot test a strategy (in its System Tester) on many issues
>>simultaneously. Is it feasible with Technifilter?
>>
>> Cheers, Vitaly
>>
>>
>>Dick wrote:
>>>
>>> Hi Jim,
>>>
>>> I heard about the Technifilter program from Frank Gaylord, and bought
>>> the Dos version. I liked it so much, I also bought the new version,
>>> and it compliments Metastock perfectly.....they both use the same file
>>> format (Metastock) and since I use the Chartcraft version of Point and
>>> Figure charting, I find the configurability of the point and figure
>>> searches to be unique. As far as I know, there is no other software
>>> commercially available that will do what Technifilter 8.1 does. It's
>>> also nice to be able to create lists in text format and automate all
>>> your searches together. As for speed, I think the Windows format slows
>>> TF8.x down a little from the Dos version. (but since it's automated,
>>> you just leave it alone and come back to it, when it's done.)
>>>
>>> Metastock has strengths that TF8 doesn't have and visa versa, so I'd
>>> recommend both.
>>>
>>> Also, the tech support doesn't get any better than Clay at
>>> Rtr/Technifilter.
>>>
>>> Dick
>>>
>>
>
>
|