The Dow upwave… little train stilll chugging along…

Posted on Mar 27, 2010 by WHC Bassetti in Letters

Like everyone else in the world we are expecting a downwave -- or a correction, or a retracement or a wipeout-- call it what you will.  Unlike everyone else in the world we don't let our expectations or predictions or forecasts interfere with our trading.  We do what the chart says to do, and do it when the chart tells us to do it.  At some point in our checkered (plaid?) career, after having nose bloodied many times we learned to respond to the market 99% of the time, not to try to outguess it.  Readers will note that we are still learning this lesson (see euro trades).  Oh, well, nobody's perfect.

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