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Don's post relays a very important message that took me years to
learn..........
1) Do your own thinking(ideas can/do come from everywhere). (I'm not sure
the designer of the auto was either a great driver or a great mechanic!!!!!)
2)Just because others use what is "labeled" as a methodology that
you,also,use....believe in your own interpretation of it...IF it is making
YOU money.(the Web/World is full of great promoters with no verifiable track
records.....would you ask a
someone to perform open-heart surgery on you without asking if he's done
more than graduate from med school???????)
3)THE MARKET IS ALWAYS CORRECT..........
Tom Stein
comfut@xxxxxxx
-----Original Message-----
From: Donald Thompson <detomps@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, April 30, 1998 7:34 AM
Subject: Re: S&P 500-EW Toast
>Tom Stein wrote:
>
>> IF we open above 1104.00 and don't go below 1104.00 in the day SPM8....we
>> may have created a rare island reversal in the S&P's......
>>
>> This would also give evidence of a completed ABC correction, which
implies
>> new highs on the way......
>>
>> Let's watch and see.......
>>
>> Tom Stein
>> comfut@xxxxxxx
>
>
>I was perusing a few web pages... Was quite bearish. IMHO...I think the
>EW bears became toast at 1110.97.
>
>Don
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