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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (1461)6/23/2002 2:37:51 AM
From: eddieww  Read Replies (1) | Respond to of 1487
 
"I was only trying to help you..."
And I thank you very much for that.

I'm sure you're right that I could get better entries and exits than I do. I used to do so, but at the cost of a lot more time and effort and, especially, stress. The fruit of all that time, effort and stress is the resources to do well without having to pay too much attention any more. A lot of folks really enjoy the game, but for me it is only a means to succeed at my life's ambition, which is to be a comfortable beach bum.

May you buy on the low tick and sell on the high, always.

eddieww



To: ajtj99 who wrote (1461)6/25/2002 11:31:08 PM
From: eddieww  Read Replies (1) | Respond to of 1487
 
ajtj and stomper:

Just a note of thanks for administering the ball-peen hammer to my head a little on sunday. -g-

I actually did buy at 25.25 on monday, but when the coil broke down today I dumped it all and actually came out a few cents ahead.

The problem of timing, IMO, is that individual traders like us, who have survived the past couple years, are now the low-hanging fruit for the hedgies and big houses. When I'm reading SI and see everyone waiting and drooling for a capitulation event, I begin to think we won't see it at all. Especially since the talking heads are all selling the idea so hard in the media. I thought we would see an ugly rally of gap-and-flats where most of the up would be overnite. Now, I'm beginning to think we may have a sort of unsatisfactory capitulation from which we do not bounce, but trace out a long "L".

"Whenever things sound easy, it turns out there's one part you didn't hear"
~ Jane Bryant Quinn