Guest Posted February 26, 2003 Report Share Posted February 26, 2003 . . . Harry S. Truman. One of my favorite quotes. Which of course is common sense. Which simply reinforces what I've said before in response to the angst among us any time the u-no-what does, in the immortal words of another President, Merkin Muffley, a silly little thing by moving against our expectations. So to repeat my prior suggestion, if this sort of thing is leading to Loss of Essence and Chi Depletion and otherwise driving you nuts, then lengthen your trading horizons or call a time-out or do whatever is necessary for you to regain your balance and your focus. No matter what opportunities you miss for now by doing this, they'll always be others coming down the 'pike when you are better prepared to handle them. And the time they do stop coming will probably be the time when the sun goes out through any one of the various end-of-world scenarios I've outlined here before so it won't really matter anyway at that point. So look upon this as a learning experience, a fabulous opportunity to not only learn more about the market but also, and much more important, to learn about yourself. These are the kind of experiences that can provide true insight into how you really tick. Learning from them will not only be invaluable in terms of being able to cope successfully here, but also in the other areas of your life as well. Link to comment Share on other sites More sharing options...
Oyster Posted February 26, 2003 Report Share Posted February 26, 2003 Gladiator...excellent words! Link to comment Share on other sites More sharing options...
Ned38 Posted February 26, 2003 Report Share Posted February 26, 2003 Yessir Link to comment Share on other sites More sharing options...
The End Posted February 26, 2003 Report Share Posted February 26, 2003 Oyster, Last night, Without an alarm clock, I awoke at 3:38 am est. :grin: Great work. By the way do you know Al Larson? Link to comment Share on other sites More sharing options...
Oyster Posted February 26, 2003 Report Share Posted February 26, 2003 Oyster, Last night, Without an alarm clock, I awoke at 3:38 am est. :grin: Great work. By the way do you know Al Larson? Yes...you can see him for free on a Friday.......Hmmm....Tides........HeeHee.......I am similar but not same.....I don't use his work Link to comment Share on other sites More sharing options...
The End Posted February 26, 2003 Report Share Posted February 26, 2003 Just wondering! Tanks. I am inclined to follow Neely, Curry and Tomlinson and of course, our good Dcotor. :grin: All are bearish, as of this morning, allowing some move higher. Good trading to you. TE Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2003 Report Share Posted February 26, 2003 Oyster and Ned, thank you. Link to comment Share on other sites More sharing options...
DrStool Posted February 26, 2003 Report Share Posted February 26, 2003 There are times when rather than lengthening one's traing horizons, you should shorten them. Trading the 1 day cycle oscillators lately would have been extremely profitable. Holding through the bounces has been nervejangling to say the least. Link to comment Share on other sites More sharing options...
BAREister Posted February 26, 2003 Report Share Posted February 26, 2003 Whose Merkin Muffley??? well, someone else woke up at 3:30, too, eh? LOL "No matter what opportunities you miss for now by doing this, they'll always be others coming down the 'pike when you are better prepared to handle them." Yeah, if ya don't go BROKE, FURst!!! " in response to the angst among us" Someone over on Crystal Ball observed lASSt night that he had visited three separate BOREDS and noticed "pie fights" amongst posters at all three. They've a joke over there, about that sort of thing signalling a CIT... LOL We did the same in the old daze on AOL's FEARLESS FURCASTS, now defunct. Say!!! Is Chi Depletion like Ozone Depletion? Just curious... Link to comment Share on other sites More sharing options...
Oyster Posted February 26, 2003 Report Share Posted February 26, 2003 There are times when rather than lengthening one's traing horizons, you should shorten them. Trading the 1 day cycle oscillators lately would have been extremely profitable. Holding through the bounces has been nervejangling to say the least. Doc...I am mostly a position trader....I caught onto the daystuff because of the stupid swings...I was one of the few lucky ones that could spot the longterm trend change over 1500 on SP00..I had planned for some years for this event if the signs were there...What I found most difficult at the beginning of daystuff and still sometimes is having your longterm position and trading intraday (sometimes against) on the mix....I found out initially it was not as easy as it looked.......Now though I seem to have adjusted reasonable well to handle all at the same time.....it's like learning to use 2 different sides of the brain at the same time....... Link to comment Share on other sites More sharing options...
BAREister Posted February 26, 2003 Report Share Posted February 26, 2003 .....it's like learning to use 2 different sides of the brain at the same time....... Oyster There are TWO sides to the brain, ASSks this ANALytically trained attorney? LOLOL Reeeeeeeeeallleeee??? Here's someone who hASS NO brains!!! He's a FEDhead, of course! "Ben Bernanke is back in the news. You remember him. He's the Fed governor who warned foreigner investors: "we have...a printing press". The euro and gold both soared when the foreigners realized what Bernanke was saying - that the Fed was ready to ruin the dollar rather than allow consumer prices to fall. Bernanke now says the U.S. economy is in good shape and that the recovery will be increasingly robust in the months ahead. Businesses are not doing well, he notes, but the household sector is stronger than it was a year ago, thanks to widespread mortgage refinancing." http://www.dailyreckoning.com/home.cfm Yeah, right. The household sector is "stronger" when consumer "confidence" (pardon The BARE whilst he suppresses snickering and GUFFAWS) plunges through the floor. Note what happened when Bernake threatened. The world gave us the rASSpberry ? the same way they are with The Shrub's bullying. Hubris usually ends tragically. :cry: Link to comment Share on other sites More sharing options...
microdon Posted February 26, 2003 Report Share Posted February 26, 2003 Bare--Merkin Muffley was the President of the USA in Doctor Strangelove, an essential piece of culture if you are to understand part of the madness of international politics. :grin: Link to comment Share on other sites More sharing options...
longOnUranus Posted February 26, 2003 Report Share Posted February 26, 2003 Oyster - I've reviewed your posts from yesterday, and you called the bottom time and price perfectly. The 826 pivot, looking back at it, was a fulcrum/control point (I'm increasingly interested in Bezier and quadratic formulae in the market), which you correctly called also.Was this a wave call or based on volume/Put-Call ratio or some other consideration? I'm interested to what degree your system differs from Doc's and SG's, which I'm coming to understand. If you have the time, TIA. RB Link to comment Share on other sites More sharing options...
chibear Posted February 26, 2003 Report Share Posted February 26, 2003 Whoa! Woke up late this morning. Chicago elections yesterday and last night. So I stumble over here to the coffee shop and can't find an open "stool" at the counter. Are we becoming a bunch of early Stools? Link to comment Share on other sites More sharing options...
BAREister Posted February 26, 2003 Report Share Posted February 26, 2003 The BARE hASS been noting FUR years, now, that the bulls "just don't GET it", namely, that their twenty year run of luck hASS changed and that change, probably, ass someone noted here, SNOT 'long' ago, quoting Mr Richard Russell, isn't going to end ANY time soon. Well, war hangs over this market like a Damoclean sword. Dollars to doughnuts we go down today and it will, again, be blamed. Which is why HRFF says, FUR now, news rules. Or, more precisely, in deference to those here who think it does SNOT, a lack of news about Saddam hightailing it out of Bhagdad rules. Here r some more words of wisdom from THE DAILY RECKONING. See link in The BARE's lASSt post. Seems the author like BARE reads Mr Gibbon. or sez he did on his recent vacation, anyway: "But as Gibbon said of the Roman Empire at the height of its glory, it had little to gain from foreign wars and much to lose. When you are in a position of overwhelming power, all luck is bad luck. And there is a lot of luck involved in war. Right now, America is on top of the world. When you are on top of the world, your situation can barely improve, while every mistake, accident and change in the weather eats away at your authority. And there you have both the major nuisance and the principle charm of this slippery old ball we live in: it turns." Mssrs Magoo, aka AG and Bernake came to mind when HRFF read that bit above about "being in a position of overwhelming power". Or, at least, THINKING you are. Pride goeth beFUR....beFUR..............beFUR.....a ???? Link to comment Share on other sites More sharing options...
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