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Strategies & Market Trends : Steve's Channelling Thread

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To: Boplicity who wrote (26585)	9/8/2001 12:03:27 AM
From: westpacific	Read Replies (3) of 30051

1998 as far as recent history. I would have fear short due to this fact, they all talk no capitulation, but this is major IMO. In addition the ARMS index alert of 2 days not seen since 1987. Damn right I would have fear being short, gamblers bet - and reason I covered ahead of weekend, screw it if I am off by a day or two. This was a VERY RADICAL MOVE!!!!! And one that has room to see 38 IMO, but that is a pure bet technicaly speaking. It is as close as I need it as a technical trader to stay short, and thus why I am out 100% of short positions. Remember folks, a trader NEVER tries to get 100% of every move, he/she looks for 80% and tries to catch the middle of the move, not the total top nor bottom (nice when you can do it, but I am a risk/reward - capital management trader - NOT a home run hitter). All the best West

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