Landm, currently own SMN and FAZ. Will continue to build if opportunities present. Otherwise will simply hold what I have. Will be quite cautious here.
Ted
PS
So, hey, Ted, what about this you just wrote?
[NOTE to TJWNY and all: The only way you can get into trouble is by trying to be smarter than the market--to guess where the reversals are likely to occur. This is what the Short-Trading TA board members were trying to do for the last several weeks. The method I'm proposing requires a new understanding and commitment but it will work absolutely. It cannot NOT work! Test it any way you want. It will still remain true.]
Are you trying to be smarter than the market? Answer: Yes. Let's see how the trade turns out. Perhaps it was a stupid mistake. ;)
Look, I wrote last week on the Short-Term TA board and perhaps here. I simply don't recommend risky short-term trading to anyone. It is too difficult for most people (and that may include me). I've enjoyed a good run. But I want to make a transition to holding more positions that *own* the life of the market where price is long and strong above the 20-day ma. It's a far less stressful way to go, and it probably leads to even better returns with very little risk.
Strip price to the barest data that tells us BUY, HOLD, or SELL.