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To: William B. Kohn who wrote (9863)	1/26/2002 10:26:06 AM
From: HairBall	Respond to of 10934

William B Kohn: Thanks for your comments. Allow me to be clear, so I can be deemed right or wrong by those that find it more gratifying to judge others rather than to contribute themselves...gg My work began to signal a significant pivot low was near for the over all market in late Aug01. I was a little early and left some chips on the table because I began playing the pivot points with a long bias rather than with the short bias I had been trading with since Mar00. I explained this in a post on IHub, but what that means is I began to focus on buying the pivot lows instead of shorting the pivot highs. That does not mean I will not trade both ways when the opportunity presents itself, but what it does mean is that I will defer to take the long position rather than the short position if I have to make a choice. I make these bias changes in my trading when I think the "market" and select stocks that closely follow or lead the market are nearing a significant turn, so I can be on the right side of the larger move. I have found (at least for me) it is not always easy to reverse a trade, say go from long to short or cover and go long on an intraday basis. Sometimes equities will trade in a manner that will allow trades in both directions, but that depends on the volatility, the liquidity and the number of share one is trading. While I prefer to trade only stocks with good liquidity, I also tend to trade with a fair amount of shares at stake making quick reversals from long to short or short to long more difficult. I began trading the pops on NTAP along its falling support line at the time in an effort to catch a rally I was expecting to be significant. I also traded that rally taking advantage of the oscillations. Anyone that has read my postings over the years knows that is what I like to do. And everyone that was reading the IHub MDD thread at that time knew I had began to bottom fish a little early in expectations of a significant rally as I did not want to miss it. I believe the market was being set up to bottom on 9/10, however the 9/11 attack changed that. The big boyz had no choice but to take her down further. And, as always they made lemonade…<gg> After the rise NTAP put in a series of rising wedges all tradable. As is often the case, the base of the wedge can morph into longer-term wedges after a retrace and that was the case with NTAP and some of the Indices. These in play rising wedges brought the overall market and NTAP to a focal point for a pivot high in early Jan02. So I expected a retrace of "at least" a part of the Sept01 rally for both the market and for NTAP, among others issues I have been trading. In the process of retracing the Sept01 rally, NTAP's price action began to trace out a falling wedge. This suggested that "at least" part of the down turn would be retraced and I traded NTAP with that expectation, shifting my bias for the intraday to short-term. My public post can be found on the Crystal Ball on the Wollies World board. I am not presently calling for new all time highs for NTAP, but I do believe that NTAP will see a higher medium-term high (above the Jan02 pivot high) before it sees a lower low (below the Sept01 low). In fact, the Sept01 low may prove to be "the low" for some time. I hope that makes my expectation clear. As I am in the process of winding down my trading to a part time basis, I will not be trading the oscillations as aggressively as I have in the past. Nor will I likely be posting them publicly so folks like Vitas can take pot shots at me. I suggest folks look to Vitas for his future market calls and market savvy prognostications...ggg Regards, LG