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Strategies & Market Trends : Classic TA Workplace

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To: At_The_Ask who wrote (73471)	5/11/2003 7:35:00 PM
From: skinowski	Read Replies (2) of 209892

So, you are ready to capitulate and become a permabull... -g. For a while now I had an opportunity to read, or rather scan - I can't read them all - several newsletters. I was watching how one by one several bearish advisors had to throw in the towel and cover. Very touching, actually. The bottom line is that one must be extremely careful. Only enter positions when the odds for being right are high and the risk/reward is very good. James Rogers wrote somewhere that he doesn't trade unless things are so obvious to him, that it is just a matter - almost literally - of walking over and picking up the money. Can be done, but takes a lot of patience and discipline. About the "missing waves"... I think that the after hours action is real and important. However, it can not really be considered on par with the day action. Things may get too subjective and potentially confusing. I say, if on occasion it "speaks" to you and helps you make money - then why not, use it... BTW, thanks for the Jesse Livermore essays.

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