davep@hou2g.UUCP (D.PAYNE) (07/31/85)
Has anyone heard of the Harmonic Research Biweekly
Market Letter put out by Mason Sexton? Any subscribers?
Sexton was Friday's (7/26) Guest Market Monitor on the
Nightly Business Report. The letter is aimed at providing
Index option traders market trend forecasts detailed to
daily expected variations. Sexton has at times provided
trend change expectations accurate to the hour of a
given trade day. The claim is that Sexton has had an 82%
accuracy rate with is calls.
Becoming involved in index option trading, I'ld like to
learn more about this or other similar news letters.
Fees, addresses, accuracy rate, etc would be helpful.
For those interested here is Sexton's call for the remainder
of the year:
The DOW is certain to top in August, likely by the 5th
or 6th but no later than the 14th, followed by a sharp
decline with an ultimate low on Nov 14th. Drastic pull
backs are expected on Aug 14th and the afternoon of Aug
28th extending through the following day. Best case
will be a DOW between 1260 and 1290. If the DOW breaks
the 1260 support it could pull back to low to mid 1100s.
Following Nov 14th, an explosive rally is expected.
You can see why I'm interested in the letter. Put options
anyone?
Thanks in advance for any info. Please post responses to the
newsgroup.
D. Paynedave@cylixd.UUCP (Dave Kirby) (08/21/85)
D. Payne asks: >Has anyone heard of the Harmonic Research Biweekly >Market Letter put out by Mason Sexton? Any subscribers? >Sexton was Friday's (7/26) Guest Market Monitor on the >Nightly Business Report. The letter is aimed at providing >Index option traders market trend forecasts detailed to >daily expected variations. [... etc.] After reading about their 82% accuracy record, and after seeing the market collapse August 6 just as they said it would, I got really interested in this newsletter and did a little research. I called the SEC in Washington, with which most market advisors register themselves, to find out if Sexton was registered. The SEC could find no record, so I was unable to get an address from them. I then went to the main library (don't laugh, Memphis has a real good one) and looked the company up in a national newsletter directory. They weren't in there, either. But then, neither was Joe Granville, a very famous (albeit controversial) letter writer. Alas, I have exhausted all paths, save writing directly to PBS to see if I can get a transcript of that Nightly Business Report segment. Harmonic Research apparently is too new to be listed anywhere. Even Hulbert's Financial Digest, who rates several market letters according to their accuracy, doesn't mention them. I see from Mr. Payne's later comments that he is an index options freak. Now that I know that there is at least one other person besides me on the net that is interested in index options, I will begin posting things that would be of interest to options traders. By the way, those of you who are conservative, buy-and-hold type investors will want to skip through anything I post to the net. I am not a buy-and-hold person, because I am not a patient person; therefore, most of my stuff will be for the fast gamblers and those wishing to get rich (or poor) quick. I will do my posting to net.invest until they come up with a net.gamblers or net.speculators. ----------------------------------------------------------------------- Dave Kirby "There is no genius without some RCA Cylix touch of madness." - Seneca Memphis, TN (901)761-1177 ext 357 -----------------------------------------------------------------------