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S&P 500
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US TECH 100
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Blackbelt1

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Blackbelt1

Re: golfin post# 16604

Friday, 01/06/2006 8:39:19 AM

Friday, January 06, 2006 8:39:19 AM

Post# of 51831
Golfin--Check out the $INDU in August 2000. Does this qualify?

Ealier in the year, you were equally convinced the market could not go up.

I'm growing equally convinced the market can turn any pattern--any whatsoever--in any unexpected direction for reasons no human being could possibly predict.

Having said that, I see that the Hurst cycles have an enormous weight of statistical probability behind them. Even so, the market can work with these cycles in the most surprising ways to deliver unexpected results. For this reason, stops must be honored.

Please don't take my words personally. Trading can be the ultimate form of self-inquiry, where I discover how I tend to rationalize and fool myself. I'm discovering I know a lot less than I think I do.

BB
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