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Strategies & Market Trends : Classic TA Workplace
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To: marginmike who wrote (53277)9/14/2002 12:50:18 PM
From: skinowski   of 209892
 
Allan will probably decide that we are forming a consensus here, trying collectively to diminish the bullish implications of the Rydex ratio… (-g). However, I’ll add my 2 ½ cents. My argument is simply that the recent 3-wavers up and 5-wave moves down make a strong argument that the bears may turn out right this time.

So, that’s where my bet is on. Having said that, I know of only one way to avoid (sooner or later) devastating losses – and that is to give up on the idea of going for a major kill. Rules 1, 2 and 3 should be money management.
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