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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (58116)	10/30/2002 9:26:00 PM
From: At_The_Ask	Respond to of 209892

I was thinking a c of b up then big c down correcting the entire rally from 00. Perhaps making a lower low. Meshes well with the deflationary bear, double dip theory. It's out there I know but the thought of pooting the c down makes me happy.

To: Shack who wrote (58116)	10/31/2002 8:12:18 AM
From: At_The_Ask	Respond to of 209892

One thing I can say about this wedge thing is that is has been a pain in the A**. On the bright side I've learned a couple of important market lessons to add to the 7000 others I have found out the hard way. Lesson 7001: Don't fade mufu end of year or quarter. The worse the performance of the indexes the more likely these guys are to lose their jobs. They can move the markets upwards when they need to using other peoples money. It's a can't lose proposition for them to paint\prop stuff up. Lesson 7002: Options should only be bought prior to a C or 3. An option is a leveraged bet against jello. Jello is the rule rather than the exception.