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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (51382)	9/7/2000 9:14:33 AM
From: Doppler	Read Replies (1) \| Respond to of 63513

Sh*t happens. In other words. Things change and one has to be ready to respond. It's a dynamic marketplace and how it reacts at various junctures determines it's outcome. Like the weather forecaster who must change his prediction because a hurricane suddenly forms, so too must a market timer. It has been pointed out before that he doesn't predict magnitudes, just gives times for reversal points, and support points. He isn't calling for a crash. All he is saying now is that the extent of the selling, and break of support, with 3 or more trading days to go until his low merits caution. Wait and see how things work out before Mon/Tue. Any long positions before then should be quick day trades only. It is no different that a Piffer who buys at support because a stock is in an uptrend and then has to quickly sell because it hit his stop. Exact same thing.

To: Augustus Gloop who wrote (51382)	9/7/2000 10:08:16 AM
From: Rich1	Respond to of 63513

Not exactly true. Part of the problem is we all interpet the way we want to. Just like PnF. Now all indicators are up and NAZ on buy signal it goes down. Carpino said the high was sometime between the 5th and 7th and then down till the 11/12th. Now he is saying that due to the magnitude of the down wave the last 2 days not to be long (position trades) between now and the 12th. He also is calling for Macro Lows in October, so may be prudent to stay out till then. Those of us that are posting this info are trying to inform the thread. But lets face it none of this is an exact science. Otherwise don't you htink they would charge a lot more for it?? <ggg> P.S. I am still pretty long so I hope Carpino is wrong. I also have some stocks CSCO,RMBS,MSFT,LUV,NTAP that I am not selling. Meanwhile LNOP up again something up here..