The Short-Term Consensus HOTLINE Written by Dr. Harry Schiller More on the Consensus Hotline: · Samples · Performance Highlights & Track Record "If you’re a short-term oriented trader looking for daily index trading recommendations, or if you are interested in a weekly mutual fund update service, please take the time to read these pages. I think you’ll be interested." – Lawrence G. McMillan A short-term index and futures trading service. Intra-day updates 15-20 reports per week. Available by fax or email. Semi-weekly updates on mutual funds (including daily signal alerts notifying you of changes in mutual fund allocations) and weekend updates providing an overview of the top analysts in the business.   Top Rated by Timer Digest: #4 out of 100 for the year 2000; ranked #2 for 1999 Offer for free trials enclosed To: Daily Volume Alert subscribers and anyone interested in short-term trading  From: Lawrence G. McMillan, editor of The Option Strategist and Daily Volume Alerts, author of Options As A Strategic Investment and McMillan On Options. Re: A new, short-term trading service – The Short-Term Consensus Hotline, by Dr. Harry Schiller  When I met Dr. Harry Schiller, I was immediately impressed by his grasp of short-term trading and analysis. Let me tell you – this guy does his homework! I was amazed with the frequency and accuracy of his short-term market predictions, which he manifests into 4 categories: winning recommendations in the index futures markets, mutual fund and sector timing, index option short-term trading, and bonds & metals. I think you know that I am not one given to false statements, exaggeration, or hyperbole. That’s why I feel that my endorsement of Harry’s work might carry some weight with you, and you can rest assured that my superlatives are justified.

Pricing Information for Short-Term (Leveraged) Trading Futures (including Bond Futures & Precious Metals), Options on Indexes & Individual Stocks, and Weekend Updates (15 to 20 reports/week) Monthly $120 Annual $1250 save $190 Mutual Funds and Stocks,  and Weekend Updates (5-10 reports/week) Monthly $60 Annual $625, save $95 Both Services Combined Monthly $140 Annual $1450, save $230 7 Day Trial Free Finalist in the "2003 Readers' Choice Awards" voted by readers of

You may have heard his name before – he’s been publishing the Short-Term Consensus Hotline since 1987. Harry is privy to the analysis of over 20 other market commentators, whose opinions he distills into a trading strategy – using some as contrary opinions, others as direct opinions, all based on his market experience and each commentator’s track record on past calls. That’s why his analysis is a "consensus". He has won numerous awards for his trading, including recent #1 rankings by Timer Digest in the mutual fund arena.

I think that as a current or former subscriber to McMillan’s The Option Strategist or Daily Volume Alerts, you’ll find Harry’s letter to your liking if you are seeking a short-term way to trade index futures or $OEX options. Since we don’t offer a product that makes recommendations of that type daily, and it seems like our products complement each other so well, we’re marketing both of them. In fact, if you take advantage of all of Harry’s services, he also makes intermediate term market calls via mutual fund recommendations and some stock recommendations, plus an occasional trade in T-Bond futures and even the metals markets.

We are very proud to add this quality daily newsletter to our "stable" of products. Up until now, Harry’s recommendations have only been available via telephone hotline. That is changing. 

Now, you can receive all of his recommendations by fax or email (they will still be available on his telephone hotline as well). 

As you can see from our samples, you get a ton of information. Like I said, this guy does his homework! We have arranged with Dr. Schiller for our subscribers to be eligible for considerable discounts from the charter email and fax rates. These discounts are available for a limited time only, so if you think this service is worthwhile, I’d climb aboard now. I believe these are very reasonable rates, considering the quality and quantity of information received. To allow you to see the service:

#1: index futures and index options including bond futures and precious metals, intra-day updates; 15-20 reports per week.

#2: mutual funds and stocks; 5-10 reports per week.

That’s right. You can get the entire package of HOTLINE information for free for one week. I’m sure that after you’ve seen it, you’ll agree that the subscriber rates are a bargain. 

Dr. Schiller’s market timing system whether short or intermediate term relies to a great extent on the signals generated by the many advisory services he monitors. The Short-Term Consensus Hotline is indebted to the many advisors who have made their hotlines and newsletters available to Schiller over the past twelve years. Schiller monitors the daily and often intraday updates provided by analysts including Peter Eliades, Glenn Neely, Andy Addison, Basil Chapman, Steve Todd, Steven Hochberg of Bob Prechter’s Elliott Wave Theorist, Jerry Favors, P.Q. Wall, John Hussman, Gerald Appel, Don Wolanchuk, Larry McMillan, Jim Stack and David Vomund. 

The Hotline reports the buy and sell signals of these advisors and others, in addition to the weekly tallies from Investors’ Intelligence, Louis Rukeyser’s Wall Street Week Elves’, and Timer Digest. Schiller believes that while much of this data, including put/call ratios and futures traders’ sentiment, is useful from a sentiment standpoint, and accordingly can be treated as a contrary indicator, the greatest benefit of these signals, he says, is in identifying market turns of significance. That is, when several advisors who were on sell signals, flip to the buy side, this typically constitutes a short-term buying opportunity. The converse of this is true at short-term tops. Schiller looks for extended markets and a "shift" of sentiment from the buy side to the sell side to trigger his sell signals.

Another ingredient in Schiller’s formula is the market’s overbought/oversold condition. When the market reaches extremes as measured by the McLellan Oscillator or 5-day RSI (Relative Strength Index) or Trading Index Readings including Peter Eliades’ "new 10trin", Schiller looks for opportunities to trade against the recent move, though generally trading with the larger trend. For example, in uptrending markets which have become oversold short-term, Schiller looks for buying opportunities. Other indicators play important roles as well. If Schiller is looking for a buy signal, in addition to finding a short-term oversold condition, he will want broad market confirmation as determined by the Russell 2,000 and the NASD. Breadth as measured by the daily advance/decline line is also an important factor.

Schiller’s Short-Term Consensus Hotline provides recommendations utilizing a variety of time horizons and risk parameters. For the more risk averse, Schiller offers mutual fund switch signals for the intermediate term.

For those seeking aggressive trading strategies for the short-to-intermediate term, but with a focus on hedging and risk management, his index-option reports provide recommendations in OEX and Dow Jones options. Equity option recommendations are occasionally provided as well. Finally, his most widely followed hotline section, updated three times per day, is his most speculative and short-term, geared for futures traders. In this futures section, Schiller recommends specific trades generally in the S&P Futures (E-Mini Contract) or S&P Options.

Dr. Harry B. Schiller is editor of the Short-term Consensus Hotline, which he founded in 1987. He is registered and/or licensed as an Options Principal, stock broker, and investment advisor. Previously, he was Director of Market Timing for First Affiliated Securities in San Diego, Vice President of Timer Digest, and Coordinator of the Charles Schwab Market Hotline. Dr. Schiller has presented hundreds of lectures across the country to technical and trading groups. His comments on market timing have been broadcast and printed in the national media. 

His degrees include a B.A. from Stanford Univ., a Master’s in Education from Harvard Univ., and a Ph.D. in Applied Behavorial Sciences from the Univ. of Massachusetts.

The bottom line is this: if you are interested in short-term trading, the futures and index option HOTLINE (plus bonds and metals) is a very valuable service. It provides you with an aggressive short-term approach to the market, and there are plenty of recommendations to trade. This service is well worth the money. On top of that, I think you’ll enjoy Harry’s refreshing comments on the market and on his own trading! He doesn’t pull any punches, and there’s even a bit of good-natured, self-deprecating humor as well.

If short-term trading of that frequency is not for you – i.e.,you’re at least intermediate-term oriented – the mutual fund and sector HOTLINE is a great bargain. It is ranked #1or #2 by Timer Digest. Furthermore, if you’re interested in option trading, you can easily extrapolate the sector recommendations into option trades on sector index options.

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