Replies to post #13590 on Profunds index and sector trading (PRO)

[Z-M-L]

I have stated the BULL case many times in my newsletters; and have stated that is why 1520 so important. I have stated on many occassions that the decline from the January HIGH in the NDX to the March LOW "could" be an A-B-C Correction; and that a "close" above 1520 would NEGATE the Bearish Case.

As far as raising STOP LOSS; I raised my STOP LOSS from 1500 to 1508 to 1520, depending an the "potential" wave count. Is twenty (20) NDX points going to change your life; and therefore then make my work irrelevent? I do what I thing is necessary to avoid being whipped-sawed.

You have been in a pissed off mood since Friday's close. You stated yourself that it may take until Sunday to cool off. Today is Saturday and certainly looks you will need ALL off Sunday to cool. Rain on me and my work if that's what it takes to get you in a better mood. Have a Nice Weekend!

[Z-M-L]

I have stated the BULL case many times in my newsletters; and have stated that is why 1520 so important. I have stated on many occassions that the decline from the January HIGH in the NDX to the March LOW "could" be an A-B-C Correction; and that a "close" above 1520 would NEGATE the Bearish Case.

As far as raising STOP LOSS; I raised my STOP LOSS from 1500 to 1508 to 1520, depending an the "potential" wave count. Is twenty (20) NDX points going to change your life; and therefore then make my work irrelevent? I do what I thing is necessary to avoid being whipped-sawed.

You have been in a pissed off mood since Friday's close. You stated yourself that it may take until Sunday to cool off. Today is Saturday and certainly looks you will need ALL off Sunday to cool. Rain on me and my work if that's what it takes to get you in a better mood. Have a Nice Weekend!

[Gizmo]

As somebody once said....Nobody ever went broke taking profits. IMO taking profits is always right and letting profits turn to losses is always wrong. Conviction is good...stubbornness is not.

That said, I do not believe anyone who posts here is stubborn. I do believe some have stronger conviction than you and I... who are content to accumulate profit in smaller increments.

Which is right?.....Whoever makes the most money and keeps it.

[GLM]

AI,
I greatly appreciate your efforts and your willingness to take a public stand on the market. I feel you have included the bull case by publicly stating your exit should the market move against you and your position.
Many post bull and bear case and what is one to do with that, useless in my opinion. May as well toss a coin and stop wasting time scouring bulletin boards for shreds of wisdom.
It takes great courage to post your work here for all to see and some to critisize. I truly hope you do not withdraw from posting because of the ill-advised ranting of some disgruntled observers who believe they know what is right for the rest of us.
I personally do not post because it is hard enough to figure out what to do with one's investment dollar without suffering the opinions of faceless critics.
I do not feel that Steve's rant is justified and I wish he would have the good sense to see that such attacks will diminish the thread.
Thank you for publishing your work in this forum. I sincerely hope you can ignore the critics and continue to publish here knowing that many who are silent, like myself, find your posts worthwile and accept them for what they are, one person's well thought opinions about an inherently unpredictable process.

Best of luck to all.

[Namiar]

Steve/All

I did not see anything negative whatsoever regarding Steves post. It was asking for clarification of AI's posturing. Seems like I respond to at least half a dozen posts per week regarding my positions.

One part of Steves message to AI may be construed as unsolicited advice giving. But I read an attempt to be helpful certainly nothing malicious or spiteful.