Dear don,
I certainly don't want to be the one to precipitate your latest foot-stomping exit from posting on this and other threads over the past couple of years. Of course, you'll not likely see me rush to post a plea that you return.
Don't get me wrong, I really do think your analysis is among the best of the celebs that chose to post and have followings on SI. Sincerely I mean that. But, that thin skin is something you need to get over.
Genuinely, I think your objectivity has waned in committing so forcefully to the Jan. 3 low as an IT bottom. BTW, my price and volume work fully supports your call and I indicated the confirmation by those signals on this thread as they occurred. But, looking for rectangles, flags, etc. inside the only pattern which is truly objectively present on the Daily NDX (granted volume was not *ideal*, but that is only one criteria, and we can disagree on that), I think is very risky business. Surely, you are not going to ignore the potential H&S on the daily that is now forming, just like I won't ignore the bullish features of this pullback from a nice (likely bear market) rally.
I think you need to lighten up. If you get this bent out of shape over some putz who tends a small flock of sheep, raises a few kids, practices a little law and trades the markets from a winter wonder land, you're ultimately gonna have some serious problems in these markets. I know you know what I'm talking about.
This is a game of psychology....personal self examination and understanding. The only way you win in the long run at this game we play is with deep and constant self examination. You claim to be, and many regard you as objective. In large measure I think that's true. But this tantrum-like behavior any time someone disagrees with you is evidence to the contrary.
So, stick around. Many need and want you here, myself included. But, take that chip off your shoulder before it falls on your toe.
You think I'm wrong on my view of the market at a given point, I'm sure you won't hesitate to let me know. But, try to learn the other side when someone disagrees with you. Nobody's 100%, and if they think they are, well, that's another problem, right?
Sincerely,
Jeff |
