SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Longer-Term Market Trends
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AllansAlias who wrote (253)4/10/2008 10:35:59 PM
From: skinowski  Read Replies (1) of 3209
 
I also like the first version better. Other interpretations are possible, even if less likely. Whatever will be the final EW labeling of the March advance, one thing is certain -- we have all seen plenty of more lucid and prettier structures... -g.

I've stayed for the most part cautiously (read: moderately) long during this latest rally. In fact, used this morning's test of the 50% retracement of the latest up leg - as well as the lower line of a channel - to increase long exposure. Risk is controlled -- at this time, will get out if today's low doesn't hold. Don't want to be a hero.

Since I am not sold on any short term EW scenarios, will probably manage it the old fashioned way - use trailing stops.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News