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To: SwampDogg who wrote (94262)	4/3/2004 9:35:02 PM
From: Shack	Read Replies (1) \| Respond to of 209892

This was spoke a lot about on this thread a few months ago and was certainly a respectable approach. I am just wondering why this is not that opportunity and why everybody here is still looking up. What's not to understand? I thought I’ve been crystal clear here. The down we had off the top, which I was fully prepared to look at as wave 1 down, evolved into bullish wedges on too many issues/indices for me to look down, especially in tech. I was more than prepared to short the retracement had we got a decent impulsive structure off the highs but we simply did not. Instead we got set-ups for longs so I bought. I've said it before, I'm not an idealogue, I trade what I see. Believe me I’m far more comfortable when I’m in poots because fundamentally I feel like I'm on the right side, but we all know the market can stay dislocated from reality for eons and since I'm in this to make money I need to be long at the bottom of wedges and other corrections during uptrends. If I'm wrong then I'm stopped out, ain't happened yet.

To: SwampDogg who wrote (94262)	4/3/2004 9:36:49 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

Fuddle, I've only been using T/A for less than 3-years. The charts I've looked at since yesterday are some of the most bullish charts I've seen. I'd say I could probably count on one hand (with a few missing fingers) the number of times I've seen stuff look this good coming out of a 2-month pullback. As John M was fond of saying last May: "Bears are Doomed."

To: SwampDogg who wrote (94262)	4/3/2004 9:42:29 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Fuddle, early last December I was telling folks it was profitable to be cautiously irrationally long through the first of the year in spite of all the overbought charts. I think cautious irrationality may do some folks a world of good. Trying to apply fundamentals to stuff like RIMM and AMZN, while mixing in US macro economic fundamentals is a total and complete waste of time, IMO. Why bother? Charts tell us all we need to know. Heck, you can even chart inflation quite nicely. Why bother with those stupid CPI reports that get explained away anyway?