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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (265)	4/19/2001 10:56:54 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

NASDAQ Alternate Scenario chart: geocities.com Original scenario proposed this morning: geocities.com Some people will mistakenly say, well, why do you bother if there are always choices. The key is that even when there are alternate scenarios, after a while you can usually nail the two (or three at most) most likely. When you get to an inflection point such as we had this morning, it'll tip its hand and you can trade in that direction. As an example, a winning setup this morning would have been to get stopped in short if we fell -- that's our original scenario -- or get stopped in long if we broke upward -- our alternate scenario. There are times, sometimes for days, when you are not sure what's up. The market is usually just sloshing around during such time. I say "No problem." -- just step aside and wait. No need to trade it all the time.