Galapagos Islands Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who wrote (14204)	11/25/2002 2:43:07 AM
From: X Y Zebra	Read Replies (1) of 57110

That's a powerful chart you have there... As for what Don Worden is trying to say... I am not sure, I think he is suggesting a return to "normality" meaning that the market may be under the bear, yet the current rally is quite powerful, and it may be giving signs of a turn around... I think he means that his indicators are beginning to react more as he is accustomed to, instead of being under a bubble or a relentless bear. But that is a mere impression. I have never been good at "predicting" what the beast will do and imo either "arguing" with the market or guessing what it will do next is a total waste of energy. So I just attempt to follow its actions... with the proviso... if wrong, take losses quickly and force me to keep the winners. To illustrate... in the recent sell off in ACS, I jumped in and got a handful of shares at $38.75... then I did the stupid thing and sold for a 2 point profit... had I kept it I would have already be better than 10.00 pts ahead... dumb However on the "quick loss" thing I am getting better and after a foolish attempt to short QLGC... I got out quickly... in the long run it seems to work. My main problem is sticking to rules... But don't trust my judgement, at times I feel like an cork from an old wine bottle bopping up and down in the waves of a furious sea; oh and I repeat to myself a bunch of T/A rules pretending to believe that they all work... I think Fibos do fairly well... (for no other reason that there are a few other maniacs looking at exactly the same charts... So it is like a hypochondriac, who feels sick because he thinks he is... you know, the self imposed penance, just because everyone does the same thing... -lol

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next