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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (18146)6/22/1999 12:52:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Jim: I tell every one there is a time not to bet at all,
betting every race don't pan out in the long run, and knowing
when to pass is just as important if not more so than anything
else.

Sage advice as always...<g>

Regards,
LG



To: James F. Hopkins who wrote (18146)6/22/1999 1:11:00 PM
From: j.o.  Read Replies (1) | Respond to of 99985
 
Good point, James. I learned while trading OTC options on gov't bonds for a couple of banks that the best traders are not always the ones you see in the market everyday. Easy to forget, and thanks for the reminder.

j.o.



To: James F. Hopkins who wrote (18146)6/22/1999 5:26:00 PM
From: j.o.  Read Replies (1) | Respond to of 99985
 
James - Looks like betting on this race might work out well after all. It looks to me like we're headed for more downside. As long as we don't take out the old highs there's a possibility that we're now going to head into a larger downmove (i.e. a wave 3 after this nice ABC consolidation). That would take out the old lows around 1278 with ease. I am going to check my charts again and try to figure out the likelihood here.

Have a good one,

j.o.


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