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To: skinowski who wrote (28901)	7/6/2018 8:14:10 AM
From: Robohogs	Read Replies (1) \| Respond to of 41496

Nice post. We agree. By the way I had reference to your in my post (should have been "Sam’s). I originally wrote as if replying to Sam. I should add, my system’s odds were like 80% of positive resolution but now fading toward 50/50 as this refuses to resolve. Big ranges followed by narrow inside ranges resolve south more than they do north. But RUT and QQQ new highs, and the tape, look stronger. That being said, the average biotech is being decimated. The strong are getting stronger, although there is a shift toward laggard bigs there. Not a strong tape there.

To: skinowski who wrote (28901)	7/6/2018 12:50:33 PM
From: robert b furman	Read Replies (2) \| Respond to of 41496

Hi ski, Thanks for all you do here for us! Good posts by all here. Sam's calls may have been errant this time. In between, I have learned much about EW as Sam has been gracious to explain his methodical approach. His approach is to be a trader - something I could never do. I'm far and away more comfortable buying and holding a position. As such, I've sucked it up for decades during those inevitable draw down corrective phases I'm absolutely sure it is not for many. Over those decades - I have observed and learned how to supplement my account's value as I ride through those ups and downs. This jewel I will share with all here and it is one thing you can count on! I trust in time decay! Time decay is a constant - option premium is not. If you go out long enough in time, such that you can see the waves of up and down on your underlying stock - which does impact premium - time decay becomes your friend and erases premium when comparing to the top of the current wave vs. the top of the past wave. If you pick a good stock, that pays a good yielding dividend, selling puts on it as its price bottoms (remember if a good dividend paying stocks gets beat up in price, such that it's dividend yield approaches the 4.5% to 6% yield - there are billions of dividend paying ETF's that support that price with buying and accumulation of the stock) and letting time decay do its thing - you slowly grow equity If you are put the stock - you get the dividend - which must be at a good yield. If you get the dividend and the market goes down - you get to buy more of that stock at a better price and you give yourself a pay raise for the next year with more dividend income. It's not sexy and it's not glamorous - probably won't get you a subscription service . Slowly and persistently it will build wealth through compounding. Its called investing not speculating! In time Decay I trust. It is nice to have at least one thing, in a world of headfakes and fear that ONE CAN TRUST IN. Ted Warren wrote a WONDERFUL BOOK ABOUT IT "How to make the stock market make money for you". Ted coined a word that I love - He calls it Investolating. May this thought help you all enjoy some of the finer things this capitalist system offers. jmho Bob