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To: ViperChick Secret Agent 006.9 who wrote (13243)4/10/1998 6:14:00 PM
From: Patrick Slevin  Respond to of 17305
 
No, I don't wish to be rude but I just sort of "dropped" in.

Allow me to read this stuff and I'll be right back. I see I have messages on TSO as well. I'm honestly trying to drop out of SI society for a time and come back with more concise logic. I find this hit and run sort of thing fun, but it certainly does not allow me enough time to come up with a sensible rationale for a post that would make much more sense than "Hey, what a bitchin' call, dude!"

In other words, I would like to try to compose my thoughts and not get carried away with everyone's emotions...I mean it's fun, but personally I need to step back and re-access before I just throw an idea out.

As off the cuff as I can be in normal conversation, I'm reluctant to formulate an opinion on the stock market. My opinion changes so quickly that I would never be of any help to the next person. I had a guy kid me this afternoon during a gin game that I must have got killed this week, as I told him last Sunday that he should be short from the open on Monday.

The best play was to be short from the open, as the high was 10 AM ET.

But this guy read the paper and the DJIA was up and closed over 9000 and the media said all is well and this guy thought I was nuts when I said I made a ton on the short-side.

Like I've said, Reality and perception. Even that day, I was stunned how much I made being short and yet the media was crying "Victory", because the DJIA was up.

I think it's admirable that D. Plonk has everyone waiting for his call, but I'm a tad more conservative. As long as you want me to flesh it out, I say Dave is incorrect. His analysis of the Wave is wrong, and the real motion lower comes after expiration.

I can stick my neck out as well as anyone else.-