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To: marginmike who wrote (53277)	9/14/2002 12:50:18 PM
From: skinowski	Respond to of 209892

Allan will probably decide that we are forming a consensus here, trying collectively to diminish the bullish implications of the Rydex ratio… (-g). However, I’ll add my 2 ½ cents. My argument is simply that the recent 3-wavers up and 5-wave moves down make a strong argument that the bears may turn out right this time. So, that’s where my bet is on. Having said that, I know of only one way to avoid (sooner or later) devastating losses – and that is to give up on the idea of going for a major kill. Rules 1, 2 and 3 should be money management.

To: marginmike who wrote (53277)	9/14/2002 1:07:36 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Recently, I had this strange feeling that there may be a new trap getting ready for the trader folk… Did you notice that it wasn’t worth taking losses lately? Every time you rode a loser for a while, the market gave you a decent – or, even a winning – way out… and every time you took the loss, shortly afterwards it would be proven to have been the wrong choice. No doubt, that as soon as enough people will get used to this, many will get killed.