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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Gamma Positive who wrote (10930)	3/2/2002 5:50:58 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

If I was judged by a daytraders performance than I would be a failure. But I am a position trader and not a daytrader. Over the past several weeks, if not longer, I have answered my critiques time and again with my rydex levels and like faith, only until you are tested in the worst of battles do you earn your stripes I have earned mine numerous times. I am not out of the woods yet still in the dark but I see the light at the end of this tunnel. I have said before and will say again I measure my results on an annual basis if it is December 31 I am a failure but we are not even at the end of the first quarter. I went thru this same experience last fall into the September 21 bottom was deep in the hole but still finished the year up 12 - 13% in rydex in a year ALL MAJOR INDICES WERE DOWN. The point I make is rydex bullish bearish tags are not a daytraders sentiment read it is built for position traders. Many have persisted in the glass is half empty see the scandal the economy is down the drink. I see the glass half full and now all of a sudden the market breaks on thru to the other side what I have been pointing out for weeks or longer with economic data which has confirmed the technical bottom on September 21.... This next leg up will be fierce as we move to the second half of the year and into 2003 watch the technical action scream higher now primary epicenter wave 3 is knocking at the door. I have pounded the message September 21 was THE BOTTOM others have chided me no chance we will test the bottoms and go lower. The jury is still out but the Bear case is weak now and the links in the bear chain are corroding. Thank you for pointing out my glaring weaknesses. Best regards, J.T.