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

To: Moominoid who wrote (30611)	2/8/2002 2:34:14 AM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

Yep todays gonna be real interesting. Unfortunately I've got to do some work :-\| I knew we weren't going to rally today when the NDX tested the kneckline at 2:00. The corrections had more force than the up moves. Real time charts are an absolute blast. I was looking at a five minute but it was still pretty clear. I had to leave and wasn't sure if I should close my position or not. I waited to see if the test failed. It was looking weak so I left. Later I checked the indexes on my cell phone and saw what I expected. If you hang out here and count wiggles for a while you will learn a lot. Little waves follow the same rules as the big ones and by watching them unfold in real time you can learn more quickly. Also if you count wrong you find out right away. It doesn't take weeks or months to find out if you were wrong or not. I doubled down my bearx on the first, nailing the absolute peak of the two. My entire account is in bearx, up 12% since then. I should book profits, but I should have booked 20 times before and each time would have been a mistake. Pretty soon the Stern Wave will get me, but I'm gonna go with the flow for now.