Replies to post #30426 on T/A ETF AND INDEX

[berniel]

Yes, Some are starting to believe this is part of don's epicenter wave up. That's why I've always followed the 3% rule of a trend line break and retest with follow thru. I've seen it before and everyone gets all lathered up. Then boom the hammer drops....LOL... Ocicbw It has served me well over the years. Now with the algo trading you don't want to get caught 100% long. Especially at what appears to be a good place for a top until proven otherwise by trend line break and retest. I can risk loosing 8-15% on the upside. It's the getting trapped and losing much more than that to the downside. Which is painful.Don't know if you have access to Wollie world over on Crystal ball. John Gregory Just put up a conversation when the Mcsum 3rd step pattern occurs. It fits in with the bullish side of the EW you see.

http://www.village2000.com/context/main/wollieworld/messages/118212.html

Thanks Bernie

[berniel]

Well if the goverment pulls a play out of the late 70's playbook. It will be high taxes and massive inflation. I remember the pay raises where good. They didn't keep up with price inflation and federal taxes tho...lol
Bernie