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I am glad someone Is doing great
I guess after realizing that day trading the e mini or nq is too nerve
poison
more people will start playing the position trade
(stay 2-5 days in the trade)
Ben
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 25, 2003 6:12 PM
Subject: Re: [RT] Hurst 4 chart
> Price attempted rally, failed and hit the 12Sep pivot low confirming the
> move down which I refer to as setting the rim of the cup. Then it rallied
> into a handle and tanked again down through the rim. In EW parlance, this
> morning's rally was likely a minor w.4 of W.3 and the decline into the
day's
> lows, the end of W.3. We should expect something of a W.4 rally followed
by
> another decline to complete W.5. Once that is complete, we will see where
> the market wants to go next. In a perfect world the completed 5 wave
pattern
> down would be a larger W.1 and we'd get a nice W.2 rally into which to
short
> for the larger W.3 decline.
>
> I don't play these little intraday swings anymore because the hedgies and
> other games players were driving me nuts. Or maybe I was just burned out
by
> the chop after trading the intraday swings for too many years. At any
rate,
> I look at the weekly and daily charts, send in my orders and go play golf
or
> something equally entertaining. Funny thing is that I'm making more money
> and having more fun.
>
> Earl
>
> ----- Original Message -----
> From: "EarlA" <earl.a@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, September 25, 2003 7:21 AM
> Subject: Re: [RT] Hurst 4 chart
>
>
> > On very short term basis, I note that the decline failed to hit the
12Sep
> > SPX low by a small margin. This is generally indicative of a failed
> decline,
> > so I would expect a strong rally which will retrace at least 50% of the
> > decline.
> >
> > Earl
>
>
>
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