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To: skinowski who wrote (129329)	2/9/2006 3:56:17 PM
From: cybersaavy	Respond to of 209892

Some of these wedgie looking advances of the past few months are now breaking down hard. stockcharts.com[w,a]wacayiay[pa125.6!i][vc60][iut!Ua12,26,9!Ll14]&pref=G cs

To: skinowski who wrote (129329)	2/10/2006 12:24:46 PM
From: bcrafty	Respond to of 209892

delete - duplicate

To: skinowski who wrote (129329)	2/10/2006 12:26:17 PM
From: bcrafty	Respond to of 209892

delete - duplicate

To: skinowski who wrote (129329)	2/10/2006 12:28:14 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

ski, I think we got pretty far afield of what I was originally trying to ask you, and part of it was probably my wording of the question. Since I know that you use sentiment and contrarianism in your trading a lot, when you mentioned that you look to activity in the day or two after a FOMC to determine what the "crowd" was doing, my question is this: once you've determined what the crowd is doing, how do you personally use that data in your trading (i.e. do you then fade the crowd, run with the crowd, or do nothing?) And while I'm here, just for the record, let me clarify what I said about the COT. I really don't think that one can look to the COTs to see what the big guys are really anticipating, or to use it as a guide for potential market direction, because it doesn't give a complete picture of how they're positioning themselves. Sure, the COTS might, for instance, indicate that (at any hypothetical time) the commercials are very short the big SPX contract but it doesn't tell the reader that they're also even longer SPY, QQQQ, IBM, etc. And as you pointed out, some of the commercials are specialists or market makers which are only trying to balance out positions ard are thus "forced" to take the other side of trades. Also while I'm here, about the idea that if things were so simple then one could only read a book and and make millions etc, here's what I have to say about that: if one could only constantly figure out when the big money is moving into and out of positions, then he might be able to make millions. But although figuring out what the big boys are up to is a holy grail of trading for some people, basically I view it as more of a pipe dream since there's no comprehensive data available to us that would indicate such movements with accuracy, and furthermore the big guys wouldn't want such info to be available to others or else the game would be up ;~}