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To: Mang Cheng who wrote (3265)1/3/2001 11:46:28 PM
From: P.M.Freedman  Read Replies (1) | Respond to of 6784
 
Mang--Lessons are on the Street everyday. Even you keep one lesson in mind but another one will come. The market is a triple-teacher, a teacher who taught you only three times in each pattern. However, people used to learn a pattern after three times repeating. That's why so far not so many traders become billionaires or even millionaires. Three is a magic number. Three points to get one line is one of the basic math rules. We know that math works on the Street. Always! So, don't try to remind yourself of keeping lessons with you if you are on the Street! If you really do, don't try to remind yourself of it more than three times. Never! Don't we see there so many shorters got burned on the surprising rate cut? Does anyone of them remember the 1998 surprising cut? None! I believe another quarter cut is coming soon in order to fill the hole left from the November FED meeting. Good luck! :-)