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a Funny Thing happened this A.M.
By:boog
Date: Sunday, 8 February 2004, 11:30 am

i checked emails as i sipped strong java and munched on toast with honey...

a trader who apparently takes the meats seriously...trades them with a passion...asked me about that LCJ4 post from Friday...(which goes to show me, some lurk a long time just reading/observing the chatter...perhaps even getting their amusement from all of us...like the Sunday Funnies)

now, this guy has NO BUSINESS asking me about the market he knows and loves to trade; as i believe his familiarity and experiences with it enable him to gauge it far better than I.

but, insomuch as i did post a BUY signal for 'fun'...on Friday
perhaps i oughta just follow it up now...as a courtesy to any who care beyond Friday's action:

friday's BUY was 7315...with $250 max risk...that's 7252 1/2 right ?? (i never include commissions in my 'risk' numbers...they're only an expense..a cost of doing business)

HYPOTHETICAL: for Monday enter LONG on open above 7280 with risk not to exceed 7255...
and, "IF" my indicators prove correct...this rally might be done on TUES...with about a 7485 to 7510 high being posted...(filling the nearest GAP DOWN just above here)

however,,,the rally, if market closes above say 7490 ...COULD/MIGHT/MAYBE extend another 2 days...until THURSDAY...with a 7600 rough area TARGET #2

but by NO MEANS would i desire to be remaining LONG on FRIDAY...because a pullback will be DUE on FRIDAY surely...

sigh...cows ...love them or eat them !!
and trade them with caution...

boog