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Against my better instincts, I'm going to say that according to my wave
count -
- 50% accurate :-) - we're in W.5 which still hasn't been completed. Also,
the
attached chart shows the yellow indicator turned down and cyan turning
flat.
If cyan turns down, I'd exit the long trade, but if it keeps going up and
yellow
turns up too, I'll wait for both to turn down again before exiting. By that
time,
yellow might form divergence.
Your indicators are similar to mine if I'm not mistaken.
Will post my chart tomorrow after the market (at least you won't see my red
face).
Jan Philipp
----- Original Message -----
From: "Ernie Bonugli" <ebonugli@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 18, 2003 7:01 PM
Subject: [RT] What to do?
> Where are we going from here?
>
> While the BBC peaked and has issued a Short order, I chose
> to sell only half of my long position. Either way, I will regret
> it tomorrow. The BBC, at times, has a keen sense of an
> upcoming direction change, today you can see the BBC leading
> the mkt to the short side despite the slight price
> divergence. My longer term private signal, is still bullish and
> shows no sign of letting up and unfortunately it takes some
> gut wrenching DrawDown before crying uncle.
>
> BBC does not have a clue how far the moves are going and is
> also at its weakest on strong trending mkts. Probably the
> case for all indicators of this type.
>
> We will see!
>
> Ernie
>
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