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To: AllansAlias who wrote (1583)	8/6/2008 2:24:55 PM
From: AllansAlias	Read Replies (2) \| Respond to of 3209

That was a brief trade. I am out. Teach me for trying to make a s-t trade. -g/ng The tape really woke up there, as it often does around this time of day. Started to jump around and get all perky.

To: AllansAlias who wrote (1583)	8/6/2008 3:19:29 PM
From: Perspective	Respond to of 3209

I'm confused as to why you attempted that there. All my artwork says that we are right at the line, right now. And we were not when you tried to open that short. I'm trying to estimate probabilities now, if we close here, that they will make a poke over the line tomorrow at the open just to run some stops. I know this is the point where one should be a seller given the setups on the NDX and SPX both. They are right at it. But it seems that, more often than not, there has to be a stab over a line like this. I wish I'd thought this over earlier. I would have been inclined to ride today up with a small long, with the hope of ditching it on an overshoot of the lines we're discussing. Foolish I guess. It's hard to keep everything straight when you're posturing based on so many different time frames. In the longer time frames, my position is clear. How to play the hedges in the meantime is, however, quite tricky. Don't know if I'm any good at it, either, so I'm not always comfortable making trade on that time frame. Also, it usually requires near 100% attention at critical moments, and I frequently can't give it that. `BC

To: AllansAlias who wrote (1583)	8/6/2008 4:10:38 PM
From: Perspective	Read Replies (1) \| Respond to of 3209

Sorry to be so wiggly, but here is that perfect touch I see: Looks like a picture perfect touch. A throwover would have actually made me more comfortable. However, I have 1290 as the 38% retracement for SPX (we hit 1291) and 2395 as the 62% retracement for COMPQ (we hit 2386). Also, we closed right at the 200DSMA on $RUT and the 50DSMA on $NDX, and made a potential double-top in BKX, SPX, RUT, and DJIA. If there is no further attempt at the line tomorrow at the open, I am considering reopening my short exposure with a multi-week expected timeframe. I would need to see a failure of the silly uptrend line we've built these past couple days, and hopefully some bearishly constructive wave patterns. As one of my hedges is DJIA, which is underperforming here, I am eager to get a green light to get rid of it. `BC a