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To: SliderOnTheBlack who wrote (94404)11/14/2001 12:26:22 PM
From: Tommaso  Read Replies (3) | Respond to of 95453
 
What, exactly, are you saying?

If you look at the OSX chart for the past year, you do see that six weeks ago it dropped briefly below 60.

askresearch.com

It sounds as if you are looking back at that and saying that anyone who did not get into oil service stocks at exactly that instant has been "whipsawed."

Are you saying that the OSX is going to drop back down below 60 again? If that is what you mean, why don't you say it in a way that a normal person can understand.

I must say that you have a truly amazing gift for predicting the past, however.



To: SliderOnTheBlack who wrote (94404)11/15/2001 12:07:49 AM
From: Webster Groves  Read Replies (1) | Respond to of 95453
 
Well, it's nice to see that you and your boy are
posting again on the SD thread. I myself haven't
been reading it much since I (like you)
sold OSX at 140. I intend to follow your every move
and buy it all back at OSX 45 early next year.
Yesiree, good to see all the patch threadsters all in
one place where they belong - the SD three-ring circus.
And you know what they say:

"It ain't a circus if it ain't got no clowns".
Welcome back - BOZO !

-wg



To: SliderOnTheBlack who wrote (94404)11/16/2001 9:19:07 AM
From: chowder  Read Replies (2) | Respond to of 95453
 
Yo Sliderooo! >> The single biggest mistake you guys make - especially the TA-wannabe's is in continually trading cyclical sectors like the patch - "in reaction to" and not - "in anticipation of" the market.... <<

I can't speak for the other TA types, but this TA type chose not to trade the energy (cyclical)sector on this last go around.

There are many different ways to succeed at one's chosen endeavor. In the game of baseball, Pete Rose didn't approach the game the same way Reggie Jackson did. Phil Niekro didn't pitch the same way Steve Carlton did. Each of these individuals had their own style of play and each of these individuals are considered successful, in their field of endeavor.

Mark Price didn't use the same style of investing that Peter Lynch did, and Ken Heebner didn't approach the market the same way John Vogle did. Again, each of these men are considered to be successful in the world of investing.

You believe one should "anticipate" market moves. I believe one should trade what they see. Different styles for different people. "Anticipation" is what Reggie Jackson would do. When he anticipated correctly, he hit the ball a mile. When he didn't anticipate correctly, he looked very, very foolish.

Pete Rose hit what he saw. He would shorten his swing, he would protect the strike zone, he would put his bat on the ball and try to put it in play.

Rose was a better hitter if you look at batting average. Jackson shot for the glory of hitting the long ball.

In the game of investing, it's the higher batting average that I think is more important. To do this, one must trade what they see, not try to anticipate the move. Working with support and resistance levels is trading what you see.

The style of investing I advocate may put us in different sectors at the same time, but what does it matter? You traded the OSX, I traded the retailers. A win is a win is a win.

Say hello to the Isopooch for me. I'm still waiting for him to give a real time play looking forward.

Hitting from the right side,
dabum