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

To: Nero who wrote (16461)	4/15/1998 2:10:00 AM
From: Temple Williams	Respond to of 94695

Using EWave as a Roadmap ... will this S&P trade work? A lot of people think EWave should be called Voodoo Wave, related to casting bones and studying entrails before making your move in the market. But I use it successfully as a "roadmap" approach to both position trading and day trading. I never use EWave to "initiate" a trade, but I use it to confirm what I am doing. I use it to stay in a trade beyond my normal comfort zone, often extending gains nicely. As of the close on Tuesday, April 14, for example, there was a potential Wolfe Wave trade (not quite perfect, but close) in the S&P. Here's the approach I took ... this is being posted before the opening on April 15th ... you can see the details and the thinking behind a trade I MAY make at skansearch.com ... my free website is at skansearch.com

To: Nero who wrote (16461)	4/15/1998 8:06:00 AM
From: Byram	Respond to of 94695

NERO..SORRY THIS IS SO LATE.. <<Hey, I'm not counting on the April's -- it's just too late to cash them out -- I'd rather flush the money and have the three day play than sell for pennies. I never claimed to be a pro :)>> I can agree with you here...I tend to make the same sort of plays...But, overall..you sound if you feel in your gut it will fall....Trust it - but look at all indicators.and be fair...I am also good at bucking trends and show some nice LOSSES because of it.. I will say that I had alot of Octber puts which promptly expired..mad at myself I DID not buy any Novembers.......and the ones that I was playing would have been diamonds.... Point 2 - In '87 I "felt" that the market was overblown (I Knew nothing - no TA - just gut....when I talked to my broker about how to buy puts.he said "I would rather you study puts.they are awful risky" this was on October 12 1987......Needless to say - ANY put would have been gold....... So, Make sure you aren't "Convincing yourself" which we all can and sometimes do......then keep persistent.Also, like in ball don't use all your energy(money) trying to hit one out of the park..because when the right pitch comes...you will be ready to swing.... Remember: "Luck is when opportunity and preparation meet" Great Luck!! Byram

To: Nero who wrote (16461)	4/15/1998 8:36:00 AM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Nero, Now that is a pretty scarey scenario.Last year I asked this thread to sort of play a game....WHAT will cause the BK.Many of us took a stab at it with some pretty good reasons....and many of those "reasons" came and went as the market went higher(except for that brief hiccup in Oct).I for one, am clueless as to what would really create the fear that you mention(assuming stable interest rates).What is it that you think will force a BK? Regards, Barbara