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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (87595)	12/16/2003 12:43:07 PM
From: AllansAlias	Read Replies (2) of 209892

Stopped out of MXIM earlier today. Teach me for going long something in the dessert zone. -g/ng Am I ready to say the dessert is over? Not quite. I do not mind watching for a spell. I have said for weeks that the next big/long-duration trade is a short trade. We have also discussed here the strategy of letting the first wave go by -- the alternative is trying to catch the top, and we know that has crushed many people since at least May. From an Elliott perspective, it is hard to see a crushing count here. When I have more time, I look forward to reviewing what folks have been saying on the board. After some boring months, this is a very interesting time.

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