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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (13359)	1/20/1998 5:47:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Barry, Hopefully you're not speaking from experience concerning the risks and dangers of pyramiding. There's no doubt about the fact that pyramidding forces you to be correct on each add pt., which in this 6 month move I expect to see roughly 8 good add opportunities. But the adds must come either at the end of small corrective moves, or at the early to mid stages of a wave 3 rally. But this is the point I'd like to focus on for all involved in futures trading: This is a "one of a kind move" we have begun, where you see the markets "melt-up" in a multi-thousand dow pt. move in a relatively brief period of time. Relative to all the other great moves we've seen in the past 15 years, none will have even come close to traveling as far in such a brief period of time, with relatively few and minor pauses along the way. In other words, if you like the idea of pyramidding, and feel confident you can hit the corrections along the way, this Bud's definitely for you... Yours, David