wednesday which way, page-78

howdy all

i've spent the weekend reading and reviewing my trading since my return from holidays.....hence the reason why i've gone back to my first post for the year.

so far, it's been a profitable return. i have been trading exclusively on the spx and still think that this is the index to watch. my wacky theory is that each significant bear market is lead by one major index. this one is being lead by the spx (just my theory and am sure, most will disagree).

my first turn date posted for year of 9/2 was a damn good hit. i entered short at 768 and was stopped out a couple of times but managed to ride it most of the way down. friday night saw my next turn of 20/2 ....and as posted on friday evening, i entered the long side. because i fell sleep at the wheel and not because of good management, i'm still holding long.

i try to use my turn dates as a guide only and entered short/long possies based on my read of the charts. not always perfect entries but i don't have time for perfection.

my next turn is due this upcoming wednesday/thursday....as per my post yesterday, i have resistance at about 800 and then 820. major major resistance at about 827/30.

i've also reviewed my turn dates for the next couple of month and realised this morning that i've missed one. i had said that after this week's turn, my next hit is on the 16th of march. i actually have another one hitting on the 9th.

so, for the record and open for public scrunity, my next turns are due:

- 26/2
- 9/3
- 16/3

i also picked up some stocks last week - even bought that big ugly beast macquarie. a rehit at about $20 was just too tempting....hope that one doesn't bite me in the butt. :)

cheers and safe trading all.