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Strategies & Market Trends : Ask DrBob

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To: stan_hughes who wrote (59178)	5/9/2002 9:19:12 AM
From: shoreco	Read Replies (1) of 100058

stan, It was more about playing the extended rubber band... An option trade like I had yesterday only comes along a few times a year, the rest of the time it is really a suckers game... Anyway, I've spent the last couple weeks doing what I've gave up doing..LOL..(ie:porch/window)...and it gave me a little time to see the market from a different perspective and not allowing myself to be persuaded by the daily news flashes and the medias doom/gloom... Can it last ?? Will we crash ?? I don't know, and now we have that huge open gap below us... I guess we could give up 50% of yesterdays move and still be in a turnaround mode... The problem with this market is, it loves to overshoot (ie:SPX closing at 1049ish) just to get the really patient/prudent traders fed up...and of course it eats the impolsive for breakfest and lunch... EOM Shoreco PS I got my arse handed to me in late Feb, early March because I wasn't allowing myself to play the wiggels and I was only looking at the market through my tunnel vision... PSS I still feel if we can "successfully" hold a retest here, we can get a 6/10 week rally going...

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