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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (16420)	6/6/1998 8:08:00 PM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 68880

True, INTC did do the press release after the close Wed., which I noticed was after you stated that the Naz was going to 1712. But still, you didn't change your mind and stayed short for the better part of Thursday. Flexibility is essential, as events and news are a continuing thing. I can understand why you wanted to stick to your call, but clearly that was the wrong thing to do. Frankly Clint, you sounded a bit panicky on Wednesday. Emotions and pride are difficult to keep in check, but nobody is immune, not even you. The correct thing to do on Wednesday night would have been to remain open to going long first thing Wednesday, when it became apparent that the bullishness in INTC was for real. Flexibility. Not being flexible to new events and news has costed me before, and it has costed me again, and costed you too. I just wished I had listened to me and not you. My plan, as posted on TSO, was to go long MSH Thurs morning. But I read your panicky post and changed my mind. Not your fault that someone took your advice and got burned, but still, I think I will be sticking with my own intuition in the future. I wish you well, Clint. Take care, Dwight