MG,,,,..perfect exit of that UpWave ;-)
Dumb kcul, I assure you!!! gg
I was also going back in yesterday, everything was there except I would like to either be closer to the trend line or have bounced off it. So I decided to wait an extra day. Now this morning I hear the news that big Al will speak this afternoon. So I will imagine that this is the reason for the mushy market and it will rip and snort after the spin masters finish telling us what he said. gggg
Can't tell, this may blow the lower trend line our of the water and define a new down trend which we will play a little differently. The play there will be to wait for the candle to bounce off the white line (or where ever the lower trend line comes into play).
This is just a pictographic way of doing the same thing we have always done. It is just an attempt to positively reinforce the patience requirement. gggg Also as Berney pointed out to me if we stop at OEX 600 again there is very little head room for a play from here and either it breaks above the 600 resistance line, or honors the JT green line which is even lower, or we go south. In any event, these points are well defined and the state machine on which to base a trading decision is in place,,,, now we wait. gggg
We didn't take into account the possibility that we could run up and hit 850 and close at 623 but what the heck, I own ENE stock too. gggg The Swamp Fox says this is the WTC equivalent event in the accounting world, and I hear this morning AA personnel destroyed a "bunch" of documents. hmmmmm I wonder where Cheney is? hmmmm outa sight, outa mind?? ggg hmmmmm
By the way the web site is www.angelfire.com/ego/trading_machine/ , comments are welcome, I still have my training wheels on.ggg
Good luck
Paul K. |
