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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1619)	7/9/2002 10:43:04 AM
From: sandeep	Read Replies (1) \| Respond to of 10157

Nice explanation velo. Adapting the market message will always serve to preserve capital. What are your latest views on MSFT? Thanks...

To: velociraptor_ who wrote (1619)	7/9/2002 11:04:27 AM
From: bcrafty	Read Replies (1) \| Respond to of 10157

Velo, thanks for your explanation "I change my mind depending on what the charts do going into the date as it gets closer." There's nothing wrong with changing ones mind. Everyone does it all the time. Explanations at the time one posts his change of mind are helpful. Some cycle watchers do indeed change their mind. Hahn called 6/24 a major turn date, but when we didn't get one called 7/8. Zeev changes his frequently, too. The difficulty I have is that nobody calling turns is specifying what timeframe chart (weekly, daily, 120-minute, hourly, etc) that are looking at. The exception is Bradley, who clearly is using a daily chart, amanita.at and I believe Carpino is using daily charts as well. Bradley specifies a margin of error to plus/minus one day, which I believe is generally accepted. But if one calls a turn on the daily charts and then as the date approaches changes his mind on current market activity, then he has converted his call to a call on some intraday timeframe, like the hourly charts, for instance. That's where I have a problem. Those that call turns close together (7/4 is a low, 7/8 is a high, 7/10 is a low, etc.) are trying to micromanage a cycle of a larger timeframe (or calling a turn on a shorter timeframe), and unless the turn caller tells his readers the timeframe he is speaking of then one does not know how to interpret his calls. Because I see so many people mentioning turn calls, but nobody keeping track of them, I decided to do it myself as long as I am supplied with the current data. I'll try to post my results on Fridays on the CFZ E-wave board. If you wish, let me know your latest call so that I can include it. Message 17697283