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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (50158)	1/20/2004 11:50:17 PM
From: X Y Zebra	Respond to of 57110

Thanks a lot for that analysis, it does help me a lot towards understanding x/o; more than anything it gave me a glimpse about the percentage "mode" you make reference. Unless I relate to a practical experiences, (where my own blood and sweat is somehow attached to the thing), then it is more difficult for me to grasp. If not so attached, then it is not really clear to me all the explanations. In this instance I can relate better, because I have become familiar with these two stocks as I have been playing them for a while. Bottom line, I have to say that I do not have the ability to ever be a "purist” either technician --be this x/o or candle charts, (which I relate to), because I am simply not good enough to match the patterns to the eventual reality of performance... nor fundamentalist, since I would then be blind to the "temperament" of the market itself... So like anything else for me... slowly after a these years... and who knows how many dollars in tuition, I am finally starting to put together some form of "technique” that affords me some degree of ... courage ... [I was going to say "confidence” but that is most definitively the wrong word in this trade] to muster strategies to somehow start again to be profitable --after considerable pummeling I should say. So... my system is a hodgepodge of bits and pieces where the central part is a healthy dose of paranoia to keep booking profits. A life-long endeavor that never is really quite "perfect" or correct... survival is a better term. Since the start I realized that x/o is like learning a language.... the terms and its meanings cannot be "translated" from meaning "a" to meaning "b"... so I do struggle, and progress is slow... but slowly the patterns begin to create images that are more understood as a "sight" than a million words one could attempt to put together. I use options in the form of covered calls that either boost the return or at least assist in getting saved from possible errors in judgment. I love the premiums in some of them... in these two examples... forget OSG as there are no options.... but PRG is fairly generous... which adds to the 4.something of dividend. Here too... understanding the concepts of relative strength and more importantly "trend" has been very generous to me. China without doubt is having a gargantuan effect... the difficult part is at what point one truly "recognizes" that the trend is for real.... I have been following Chinese stocks since mid December of 2002.... but I have NOT been fully committed all the time as at times... being [myself] the best enemy I have, I disengaged thinking... wow... how can they just continue marching on?.... How long will they continue? well the fundamental premise of China and its projected growth seems they still have quite a trek.... but as you say... some of the charts do look quite extended.... Again, thanks for your analysis.