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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (147869)	8/12/2007 10:40:05 PM
From: Shack	Read Replies (1) of 209892

"Begin on the right side" for me is about being right in a timeframe of a few years. I think one can hope to time things that well. Agreed, its a lot easier knowing and using that macro-trend. But I don't think it precludes one from making coin in a counter-trend C wave for instance. For me being on the right side is in the context of a much shorter time frame, such is the nature of playing predominantly options. And I agree that the NYA, the DJ COMP, and the $INDU have obviously not been in B waves. What does that mean to my trading? Doesn't impact a thing as I am not looking beyond Sept opex. But that's just me. Can I expect the macro-count debate to be tabled again now that you're back?-vbg Its an academic argument for me due to the nature of my trading, but one I do enjoy. BTW, the stinky semis have never looked good off this 2002 low. And how about Softie? Yuck!

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