voltaire's - aint no bull - monday, page-128

Hi Yotta,

When looking at the share market on a daily basis it's best to have three time scales - short, medium and long-term. Day traders use an even shorter time scale.

I'm pessimistic short term. That's all. Next few days. But my view may change depending on the extent and duration of the pull-back, if it happens.

I'm still optimistic that we'll get a break out. Not just now - as I intimated in my weekly report.

Get it?

I also often say that my reports are probabilistic and contingent. That is, things might happen (probably). But I might change my mind depending on how events develop.

It's best not to be rigid in your opinion of the market. If you have a rigid opinion on the market you lose money.

It was said of Richard Dennis, founder of the Turtles and legendary trader of the eighties, that he would change his opinion (and his position) in an instant as new information came known. That's flexibility.


Thanks
Redbacka