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.
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