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Re: Mother of all Highs



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<DIV><FONT size=2>Whoever was first in discovering the Broadening Top 
</FONT><FONT size=2>("Counting Waves":&nbsp;Edwards&amp;Maggee or 
Elliott)</FONT></DIV>
<DIV><FONT size=2>that&nbsp;I cannot recall, but a valid&nbsp;Topping pattern it 
is. Also on economical fundamental grounds(as though</FONT></DIV>
<DIV><FONT size=2>the market is looking a few years ahead). Actualy the small 
counts figured pattern, for all I know, </FONT><FONT size=2>could</FONT></DIV>
<DIV><FONT size=2>already be it. Time will tell.&nbsp;</DIV></FONT>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>1) Yep.&nbsp; a.&nbsp;The market isn't always 
prefect.</FONT></DIV>
<DIV><FONT 
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
b. Technical Analysis isn't always&nbsp;perfect.</FONT></DIV>
<DIV><FONT 
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 
I'm not always perfect &lt;is that a small G or a large g&gt;.</FONT></DIV>
<DIV><FONT 
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
d. Charts(eh Layouts) can be kept for a life time, throughout their</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
life, I will than just add + delete and only occasionaly will/have to 
alter.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>2) a. Note, that I combine Fundamental and Technical Analysis 
and have Fundamental</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; preceeding the 
Technicals. I am a selfmade quite well doing Fundamental Trader</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and an overal average 
Technical Trader, with for Trader the emphasis on Investor :</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "not out to have to 
quickly&nbsp;jump in and out of positions", eg I am not a Jo-Jo 
(ZigZag).</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp; &nbsp;b.&nbsp;Reason enough, also after 
having&nbsp;the series&nbsp;</FONT><FONT size=2>of&nbsp;the inevitable 
bloopers(the "learning</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; phase", in which the 
classiest patterns either&nbsp;</FONT><FONT size=2>were plain wrong or where 
supposible</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; actions failed to come 
through) to go slowly&nbsp;</FONT><FONT size=2>on taking in Technical positions 
and</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; this also extra 
cautionaly&nbsp;done with&nbsp;the handbreak pulled up&nbsp;thight(hence, my 
main</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; target and reason 
for starting out using TA :&nbsp;I am not&nbsp;</FONT><FONT size=2>in it to 
loose,&nbsp;only interested</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; in it to 
gain).</FONT></DIV>
<DIV><FONT size=2><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>c. a+b filters out 
already taking in some of the positions that are available.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp; d. Than, technical indicator wise or 
positive solid breaks or throughs or clear Trending</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;underlays can 
than persuade me&nbsp;</FONT><FONT size=2>to take in positions. But I must also 
have&nbsp;a good</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; feeling about it. I 
also use, eh follow,&nbsp;"my ST/IMT system" signals, but since 
that</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the system is far 
from perfect, have to do this following&nbsp;with "one eye being 
shut".</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp; e. And Technical Analysis is basicaly what 
it says: analysis of charts technicaly.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Therefore, both 
(Analysing and Trading)&nbsp;should not be mixed.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. 
-You&nbsp;do the Analysis first.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. -Then 
considder a Trade or if you uberhaubt want to Trade.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. -See 
the filters above and create more of them.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. 
-Check out all to come to terms&nbsp;with them/yourselve/Trade to see if there 
are</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; advantages/disadvantages and to what extend.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5. -Finaly, 
and if your money account/supplier agrees, do take in the position(eh 
Trade).</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Now the above is all words, if you are not willing to take a 
risk. And that is what Trading, oppose</FONT></DIV>
<DIV><FONT size=2>to Investing, is all about : RISK. How far/well do you believe 
the words(read: analysis+filters) and</FONT></DIV>
<DIV><FONT size=2>their </FONT><FONT size=2>outcomes to go ahead and take in a 
position, and how well, afterwards, are you capable of</FONT></DIV>
<DIV><FONT size=2>to protect </FONT><FONT size=2>your initial 
inlay.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Questions, questions and questions. Hope the above helps at 
least a bit in answering them, eg</FONT></DIV>
<DIV><FONT size=2>the above </FONT><FONT size=2>purely to be seen as in how I 
"Trade" my charts (which can well be that I have a possitive</FONT></DIV>
<DIV><FONT size=2>result, chart pattern/indicator or&nbsp;fundamental or 
combined, but still do not "get in", this since the</FONT></DIV>
<DIV><FONT size=2>getting ins do not count, but the getting outs ON TOP &lt;or 
equal to inlay&gt; is what counts).</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>I know quite a lot of&nbsp;Traders now, that are "on credit", 
eg on the wrong side of the stick, than</FONT></DIV>
<DIV><FONT size=2>that I know Investors </FONT><FONT size=2>"on credit", egbeing 
in that same position. Many will do 5 to 10,000 transactions</FONT></DIV>
<DIV><FONT size=2>a year, to only come out of it with Jack Average wage package. 
No pension or otherwise (state)</FONT></DIV>
<DIV><FONT size=2>provided&nbsp;security. If only one would break a leg or so, 
than bust he goes (taking a family with him).</DIV></FONT>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Actualy, in my humble surrounding, know more wealthy Investors 
(private) to which, € wise, I still</FONT></DIV>
<DIV><FONT size=2>"have </FONT><FONT size=2>to look </FONT><FONT size=2>up 
to"</DIV></FONT>
<DIV><FONT size=2>(most Invest and only Trade to invest more in Investments, 
sort of like Stock Picking the Buy&amp;Holds,</FONT></DIV>
<DIV><FONT size=2>once obtained they are for keeps,&nbsp;</FONT><FONT size=2>and 
than Trade the opposite, eg the cyclical, &lt;volatile&gt; and&nbsp;up 
or</FONT></DIV>
<DIV><FONT size=2>downgraded&nbsp;ones, among </FONT><FONT size=2>them naturaly 
are the Indexes, but also from reading the charts).</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>And reading your mail&nbsp;again, when are we to see more of 
your findings(charts)?</FONT></DIV>
<DIV><FONT size=2>Last year's Pitchforks weren't loosers, now were they? And the 
P&amp;F's ?</FONT></DIV>
<DIV><FONT size=2>(Please come forward, since&nbsp;2 know more than 
1.......)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></FONT>
<DIV><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT 
size=2></FONT><FONT size=2></FONT><BR>Regards,<BR>Ton Maas<BR><A 
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx</A><BR>Dismiss the 
".nospam" bit (including the dot) when replying.<BR>Homepage&nbsp; <A 
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas</A></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Adam Hefner </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> zaterdag 15 april 2000 16:36</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Mother of all Highs</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=2>Ton,&nbsp;&nbsp;&nbsp;</FONT></DIV>
  <DIV><FONT size=2>&nbsp;&nbsp;&nbsp; I always find your charts interesting! 
  The general logic is fairly easy to follow</FONT></DIV>
  <DIV><FONT size=2>since you seem to be counting waves (Elliot theory?) and 
  plotting angle lines.</FONT></DIV>
  <DIV><FONT size=2></FONT>&nbsp;</DIV>
  <DIV><FONT size=2>&nbsp;I have a couple of questions:</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>1. Does the market ever make moves that cause your angle 
  lines and/or counts</FONT></DIV>
  <DIV><FONT size=2>&nbsp;&nbsp;&nbsp; to be re-adjusted, thus causing a 
  recalculation of your analysis?</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>2. I have learned over the past year that analysis and 
  trading are two different things,</FONT></DIV>
  <DIV><FONT size=2>&nbsp;&nbsp;&nbsp; so once</FONT><FONT size=2> you have the 
  chart analyzed how do you trade this?</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>You have probably answered these questions before (if so I 
  apologies), but</FONT><FONT size=2> I ask </FONT><FONT size=2></FONT></DIV>
  <DIV><FONT size=2>these questions with the utmost respect&nbsp;for your work 
  and generosity to this list</FONT><FONT size=2>.</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>&nbsp;&nbsp;&nbsp; Adam Hefner</FONT></DIV><![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><!--[if supportFields]><span class=EmailStyle19><font 
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I believe 3222 will be near the bottom for the compx.  commentary and charts 
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