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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (3263)2/20/2003 3:37:07 PM
From: Softechie  Read Replies (1) | Respond to of 11447
 
WLD relax my friend...your nervousness is showing...



To: Win-Lose-Draw who wrote (3263)2/20/2003 4:35:34 PM
From: LTK007  Respond to of 11447
 
Rule number one with me is never never use SI threads, any SI thread for a sentiment measure, stick with AAII II P/C Vix whatever, but never ever use these threads as a sentiment indicator.
From 1998 to March 2000 the bullthreads were relentlessly right and the bear threads relentlessly wrong.
As Richard Russell SHOUTS out time and time again, in a Bull market Bulls are far more often right than Bears and in a Bear Market Bears are far more often right than Bulls.
In a primary secular bear market the only hard ground near fool proof way to go long be the indicators that signal a Bull Cycle within a the Primary Bear.
We have not hit those measurements that we had in October.
The next best bet is the 60-min for shorterm timing.
The 60-min 5/5 sto cut through AV at 10:30am yesterday, it once again has proven to me don't fight the AVs.
i will say categorically i was a blithering idiot to say AH yesterday we had an explosive up pattern on the 60-min due to the close yesterday.
My mistake, i did not respect the 5/5 sto cut through the AV at 10:30am on 2/19. Max