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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: CharlieChina who wrote (281792)3/30/2004 11:08:28 AM
From: Michael Watkins  Read Replies (1) of 436258
 
Your one of those people who always:
Buys at the perfect bottom and sell at the perfect top,...
Shorts at the perfect top and covers and the perfect bottom,...


Actually, no.

I'm one of those people that actually publishes in real time every single thing I do, rather than making airy fairy comments that convey no information.

Went long Wed Mar 24:
Message 19951429

Gave a synopsis of what I judged a very likely scenario for Thursday, including a mocked up chart, in real time:
Message 19951528

Added exposure same day:
Message 19952828

Comments made in real time:
11:37:35 Mike: Well I bought some SP500 ETFs in my retirement account 10 minutes ago. Any other Canadians in the room today?
11:54:15 Mike: Here's a thought. If they can push it up, tomorrow might be a gap up day which will set an Island Reversal on ES.
12:30:17 Mike: Well maybe my gap up scenario / island reversal for tomorrow might play out after all ;)
12:30:55 Mike: Sure enough, a few people outside the room here that I know personally are all freaked out by the decline and are doing nothing.
12:31:15 Mike: So my confidence level rises when I hear universal fear or bearishness LOL
12:31:35 Mike: I think we all have our "canaries in the coal mine" that we use for such purposes...

So... GFY!

(PS, I *was* flat in RRSP in 2000; short in futures and warned many times that the 'bear' was not dead over the course of the years. Feel free to dig through SI archives, I will not do your homework for you.)
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