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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (44113)	10/20/1999 5:20:00 PM
From: Death Sphincter	Respond to of 94695

"I just bite my tongue kind of like I hold my nose around you.".....a wise decision, it will help protect your mental and olfactorial health. The market has been ruled by levels of support and resistence forever, it is no secret. Mike is very good at identifying these levels. The kiddies think it is some kind of incredible call when one of these levels holds and reverses. But when they don't hold there is always the next one below during a down trend. So just keep identifying them all and when one finally holds and the trend reverses back up VIOLA! IT IS MAGIC! Meanwhile Mike keeps playing expensive spreads, spreads that are WAY to expensive for the overwhelming majority on SI to play, not to mention they don't know the mechanics involved in bull/bear spreads, much less the knowledge or insticnct as to when one position should be closed. and these spreads can rarely be played profitably unless they are done in expensive multiples. Ick, of course, is ALWAYS flawless they always work and he is always the first to proclaim his genius. You and I and others are always looking for method that will help to identify WHICH level is the one that WILL be the turning point, short or long term. We, of course, are fools particularly if we attempt to utilize any 'exotic' indicator....and if you dare to criticize Oink's "calls" as being non-calls, complete with 30 levels....well naturally you are some kind of knife wielding assassin, how dare you question the Great One? While I can throw a zinger at you and you can return with an eyeshot back at me...and then laugh at each other...you can not do that with Spike. Spike comes from a background of male testosterone, THEMS FIGHTIN WORDS TO ME! The man has no humor or humility. He is the one that should change his screen name...perhaps to Mr. 4V......vane,vindictive,viscious,virtuous....maybe 5, venereal wart have fun and keep your humor and remember, I DO smell Real bad DS