thursday thread, page-28

Petafemto

My bum gets it right...in hindsight!!

Seriously though. The Squirm (in your seat) Indicator, only works for those traders that practice this godforsaken game by the seat of their pants.

The careful pro's of this forum don't squirm because they have evaluated the risk and put their sell orders in before they've bought...apparently...so I understand by all the sigs on here.

Robbb states all the time 'I don't care which way the market goes'...even laughs about it.

These guys make me feel like a dummy because my methodology is more like... 'Well it's gone down for a bit so, heh heh, time for it to go up'.

The terminology in TA (terms like: tights stops, blow offs) lead me to believe that the squirm indicator has some solid standing behind it.

When the No. 2's hits the fan and you open your charting software and that little red waterfall has you farting hardware, don't you think...'Quick, save the house, get out now while it's only the bathroom gone'.

And of course, everyone else does too (the professional elite never got into this sticky jam in the first place).

So you sell, and of course up she goes as the indices enter into the longest winning streak of the year and people are screaming OVERBOUGHT again.

So yes Peta, I would say FOLLOW THE BUM. If I had done that. The Lambo would have been paid off by now.