Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who wrote (645)	5/12/2003 11:30:35 PM
From: bcrafty	Read Replies (1) of 941

I have been trading under that assumption all along <g> No, not really - I've had some shorts and puts here and there throughout the rally, but I have been more biased to the long side, especially recently. Several weeks ago when John Madaraz posted that Bradley chart with an overlay of the Dow (rather than the S&P) and I saw the correlation that was so close it was almost spooky, it was as though I had a minor market epiphany and thought "wait a minute, a phenomenon this simple can't be true." Then when you confirmed that you had been watching and trading successfully with the Bradley to some degree since last fall I knew that I might not be the only one following this indicator, and maybe I should give it more of a chance. A oft-thought concept of contrarianism is that when everyone is expecting a scenario it usually doesn't happen, but who knows - this might be an exception. That is, it might be an exception if enough of the big boys are playing it as well this time, enough of them to make it work.

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