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Hi Michael,
Actually, I've been a member of this group since the beginning of the
year, I believe, and I have made at least a few posts in the past,
although certainly not nearly the number you have (my e-mail address
can be searched on in the archives of Realtraders which are located
at www.purebytes.com/cgi-local/swish/swish-cgi.pl).
During that time I've carefully read each and every post to this
list, including a good portion of the posts in the archives from
years past, and I am very appreciative for the great majority of what
people have to say, with the exception of the series of posts I felt
compelled to finally write about. Since my bent is more mechanical
system trading (and coding of the same), I'm not the prolific and
capable chartist-analyst that so many of the people here are, with
their often remarkable abilities to ascertain support and resistance
areas, turning points based on time and Elliott wave structure and
the like, and so I usually don't feel like any contribution that I
could make would be up to the level of the other posters, and would
be more of a guess than anything else.
(For example, I felt that there was a 50:50 chance that the formation
that completed yesterday in the broader market could have been viewed
as either a descending triangle with the potential to break to the
downside, or as a bullish flag/pennant apparent on multiple
timeframes with the potential to break to the upside; similarly,
from a longer term point of view, I think there are about equal odds
of the market having now put in the final bottom already, based on
the very strong "V-type" pattern that in other market time periods
has successfully continued to move to the upside without a retest,
versus the market having to in fact do a retest of the low made after
the attack and basically do a little more "shaking out." Not very
useful, I'm afraid.)
With the foregoing in mind, to a certain extent then I view this
group as somewhat similar to a magazine to be read, as I'm sure many
others do as well - judging from the fact that there are 780 members
in the list and obviously not all of them are posting. As such, I
suppose I was making something akin to a "letter to the editor." It
is apparently your opinion that nothing Dorothy has done has been out
of line. I take a much different view, and I'm sure that there must
be at least some others who feel the same way . . . assuming that not
everyone is a chronically long-term bear, that is. :)
Mark
--- In realtraders@xxxx, "Michael Ferguson" <wl7bdn@xxxx> wrote:
> Dorothy,
>
> I don't know where Mark came from, I have been on this list and its
> predecessors for several years and have never seen a post from him
til
> today. It is pretty safe to ignore him. The REAL traders will
certainly let
> you know if you are REALly out of line. :-)
>
> Michael
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