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Exactly - well said....and I might add: use multiple approaches.....
For example, I hate EWT for it's ambiguity, but looking at the charts this
latest rally was a screaming, giddy "C" wave.....which is always frothy and
without logic.
Example: EBAY near 100 with a PE ratio near 100.
Wow, back to 1999's tech craziness ? Wrong. Tech is dead for now. Ask Warren
Buffett.
> -----Original Message-----
> From: Adrian Pitt [mailto:apitt@xxxxxxxxxxxxx]
> Sent: Monday, May 05, 2003 8:38 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: RE: [RT] sp 500
>
>
> Alex,
>
> Does this mean you took a position on the advice of others and failed to
> know where your exit point was? I would hope that your not trying to be
> subtle by blaming Ben for your loss. If you were a professional trader
> you'd know that part of the business is taking losses, but as I suspect
> your trying to poo poo someone else voluntary help to this list I would
> actualy suggest you're a poor loser. I'm sure most on this list nor the
> moderator would appreciate that kind of input.
>
> Regards,
> Adrian.
>
> Ps....If you had even bothered to read his email your last question
> would have be answered about as clear as anyone 1st grader could ask
> for.
>
> > -----Original Message-----
> > From: Alex Bell [mailto:alex_bell@xxxxxxx]
> > Sent: Monday, 5 May 2003 8:21 PM
> > To: none
> > Subject: Re: [RT] sp 500
> >
> >
> > Hello Ben,
> >
> > Does that mean that previous short position (initiated 1-2
> > days ago if I remember correctly) suggested by your tools
> > was covered for a loss? If yes at what level?
> >
> > And what criteria to open next short?
> >
> > Thanks, Alex
> > mailto:alex_bell@xxxxxxx
> >
> >
> > Monday, May 5, 2003, 8:09:38 AM, you wrote:
> >
> > n> Hello
> > n> this market is stronger than I expected,
> > n> And, I can see it in 1-3 days we could close above 940 or
> > at least
> > n> hit 945 intra day high, that should prove as a INTERMEDIATE top
> > n> and the next price objective is 840 all 3 tools I use
> > suggest a
> > n> major top be careful
> > n> Ben
> > n> home of the perfect stop loss
> > n> profitok@xxxxxxxxxxxxx
> > n> (which suggest the following levels)
> > n> if you are long your stop is at 921.1 for overnight
> > session, and going up 4 points per hour in the day session
> > n> sell short is at 917
> > n> add to shorts at 912.2
> >
> >
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>
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>
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