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

To: Shack who wrote (86246)	11/20/2003 9:54:57 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

Shack, I'm just seeing a lot of things that are lining up for a turn. I'm no stranger to being on the wrong side of a trend, and that's why I look for supportive analysis to make a case for something I'm not really expecting. E-wave is an interpretive and somewhat subjective discipline. When things are not clear with e-wave, other things and handy and can help fill in the blanks. I wasn't trying to convince anyone. I'm actually spending time tonight forming my expectations for the next several weeks so I can make good decisions on some longer term swing trades for myself, my employees, and family.

To: Shack who wrote (86246)	11/20/2003 10:12:26 PM
From: ajtj99	Respond to of 209892

I should add that when I mention making trades for my employees, I'm talking about our retirement plan. I have sole discretion on our plan. This puts me in a position to be personally liable beyond belief. I don't mind. These are people's lives and their retirement savings. I can't screw it up. Because of this and our limited scope of options for funds for our plan, we were in cash pretty much from SPX 1320 in Jan. 2001 until this spring, with some limited entries for swings during 2001-2002. I only use SPX and OEX index funds. I didn't know enough about bonds to delve in that area, and missed some opportunities. Anyway, recently I sold out 1/2 our position at the SPX 1059 close (yearly high so far) and the other half at 1058.5 (2nd highest close). Looking tonight, I probably should have entered again at the close of the trading day today, but I was unable to analyze everything until much after the close. Anyway, rather than have our employees looking to make another 50% to break even to get to where they were in 2000 they're happily making money every year since with very little risk. It's just one thing I don't mind doing. I'm getting a little better at this stuff all the time, but I still need to get all of my ducks in a row before putting this money at risk. Cheers!