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Strategies & Market Trends : Classic TA Workplace

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To: SwampDogg who wrote (94262)	4/3/2004 9:35:02 PM
From: Shack	Read Replies (1) of 209892

This was spoke a lot about on this thread a few months ago and was certainly a respectable approach. I am just wondering why this is not that opportunity and why everybody here is still looking up. What's not to understand? I thought I’ve been crystal clear here. The down we had off the top, which I was fully prepared to look at as wave 1 down, evolved into bullish wedges on too many issues/indices for me to look down, especially in tech. I was more than prepared to short the retracement had we got a decent impulsive structure off the highs but we simply did not. Instead we got set-ups for longs so I bought. I've said it before, I'm not an idealogue, I trade what I see. Believe me I’m far more comfortable when I’m in poots because fundamentally I feel like I'm on the right side, but we all know the market can stay dislocated from reality for eons and since I'm in this to make money I need to be long at the bottom of wedges and other corrections during uptrends. If I'm wrong then I'm stopped out, ain't happened yet.

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