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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (11753)4/26/2002 3:21:20 AM
From: Steve Lee  Read Replies (1) of 19219
 
"He who lives in glass houses shouldn't throw stones"

You gave this advice to Ken for making comments about your investing results yet ironically you are guilty of the same thing.

I came here early this year because from the thread header it seemed a place to discuss market index technical analysis. It became clear however that the thread focused on Rydex numbers in a way that was both unbalanced and likely to cause losses.

I respectfully suggested that Rydex numbers may not be the purist contrarian tool that you suggest and gave reasons for doing so. Then when I realised you are a man that will arrogantly cast aside other people's views and that this thread was being used to drum up business for your planned paysite I stated that I would leave the discussion - which I did.

Then I noticed that you mocked a trade I made in February which was a QQQ short that I ended up being stopped out on for a loss. I make a number of bad trades and that is because I do not have perfect knowledge. There is nothing wrong with that and it was a bad trade amongst a string of wins.

It is telling now that you have been relentlessy pumping the bullish signs from Rydex and calling for the demise of bears before I made that ill fated short, yet now the Nasdaq is way below those levels and you have been consistently losing money while I, overall, am up.

So I have two pieces of advice for you JT. Firstly try increasing your repertoir of investment tools from the current one flawed indicator that you use. Secondly, you are in a glass house, so stop throwing those stones.
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