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To: Lee Lichterman III who wrote (70707)	2/23/2001 8:26:52 AM
From: AllansAlias	Read Replies (2) \| Respond to of 436258

I will never understand even good traders trying to catch the exact day of a reversal. I know its profitable if you catch it just right, but it has failed so often for 5 months now. I guess it's too simple, but why not keep looking down until you get whipped bad? This is simply an restatement of the old saw that the trend is your friend. I mean, who cares if you get hurt the last time you short if the first N times you win. It just seems so straightforward to me. On SA for example, there are far, far more posts concerning where support might be found for a bounce than posts concerning where resistance is for a fade. There are also a number of posts about hope: I hope we turn tomorrow, I hope the bleeding stops soon, Maybe the bottom is close, I hope so, and so on. It's a struggle for us all to eliminate bias, and I certainly ain't preaching here, but I really think it has no place in a TA forum. If you've been reading the thread lately, you will know that most of us here have lightened up considerably as of yesterday. We get so nervous in a good down move that I think we'll all be flat if BK ever happens. -g Still, I think a little fear is an excellent friend, especially when you know AG has no compunction about pitching during market hours. Good to see you dropping by now and then. Cheers.