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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (77603)	7/18/2003 5:36:40 PM
From: AllansAlias	Read Replies (2) of 209892

I thought you said you were looking at puts at $29.00 or somesuch thing. I presumed, incorrectly, that you were arguing that the top was in for SINA. You could be right, but unless it's tradable (i.e., there is a setup), then it matters not whether one turns out to be right, as it wasn't tradable. It could be 2 or 3 other things here as well I think. Three red bars and a white bar is pretty slim data to make any sort of conjecture at this point. As a general thought, I see it all the time where someone says (not you) "I think X is going to do Y.", without being able to make a case for why "Y" is the odds path. Then, X does Y and they congratulate themselves. The thing is, if they can't make a good case for the odds of the setup, then it is just luck.

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