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

To: Steve Lee who wrote (11756)	4/26/2002 7:09:36 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Welcome home to Rydex, Steve. You have been sorely missed on MITA and I personally feel honored you have decided to return and grace us with your presence. I am also glad you came back to tie up loose ends. But before I begin, may I make a suggestion???... Would you consider brushing up on your use and choice of words in the English language? Please don't take this personally, but sometimes you spin your words like a spider and weave a web that turns into steel cables. By doing so, you have the uncanny ability to piss people off and somehow managed to do that with me. And in your current post to me you are doing it the same thing with the wrong choice of words again. But I am willing to overlook this for now. By engaging in the study of etymology and choosing words more carefully so as not to offend others, you run less risk coming off pompous or abrasive in your ways. For example, in your posting to me (or others on MITA) before YOU decided to leave (I never threw you out, MITA is an unmoderated thread), YOU have said the following: 1)"The VXN never lies. Rydex numbers do" 2)"Rydex numbers are such a small part of the market as to be almost irrelevant." 3)"Meanwhile, the VIX/VXN makes me money every time." (you emboldened 'every time' in your post (10789) Then you go on to say you are: 4)"not making any claims to be expert, just sharing my opinions." Well two of the three above statements you made can easily be construed as more than just opinions. The VXN lied because you used it as an indicator that LOST YOU MONEY. Don't know if it was based off your "home-made computer trading system" that kicked in and whether that system is based on your VIX/VXN that never lies. In that same post (10,811), you say: "Whenever I make a trade I look at it afterwards and evaluate why I did it and whether my indicators are working. If I make a bad assumption I will try to rework my methods." ******************* Before I could ask you what happened you pulled a harry houdini act and disappeared from MITA by your choice. The doorhere is always open. Now you can explain. This trade went bad. How did this happen on a system you say makes you money EVERY TIME? Have you changed your system or modified? Why didn't your volatility indicators work the end of February like you expected and will the VIX VXN fail you again? You have another opportunity to prove the worth of VIX VXN right now at this market juncture and what you expect the market to do now based on your volatility read. Do we break down or reverse and head back up over the next few trading days. Where is the market headed? Is it going to break the September 01 lows this year or next in your opinion? Why? Give me your market targets for the SPX, DOW, COMP and or NDX for the remainder off 2002 and next year, 2003. I will address all your issues you bring up in your post to me after you answer these questions and follow up questions I may have based on your answers for my learning or clarification purposes. I look forward to your continued participation and input on MITA. Oh, and by the way, don't worry about Ken and me. That was my purpose post back to him that he originally sent me. I personally hope we make money together in ABMD and don't end up like pigs getting slaughtered or fighting and sloshing in the mud. Good trading. Best Regards, J.T. PS... you coming on MITA at this time right now is my contrary indicator that we are at or near a low and a major reversal is at hand.