Sorry for the long absence but I haven't
been doing much trading lately because of
the thin market.

On 8-30-2000 my DC osc (Dominant Cycle oscillator)
gave a nice sell signal at 10:00 EST. Unfortunately
I was having computer problems at the time which
distracted me and I missed it. There was another
nice signal at 11:54 but I had gone for an early
lunch. I wonder what my excuse will be next time.

Has your wife ever called you the king of the
woulda, coulda, shouldas? Mine has.

Well, better to miss out than to get frustrated and
start chasing and get your head handed to you.
Besides, my goal is not to catch every move (which
is a formula for disaster in my opinion), but to
make profits. 

At 12:45 I was just back from lunch and got a buy
signal. It was based partially on my Divergence
Oscillator. Now don't start thinking I trade
divergences a lot, because I don't. That can be a
formula for disaster too. My proprietary Divergence
oscillator is designed to just show those prime
candidates for reversal, so we bought 1504.80.

We covered at 1507.40 because the longer term trend
was still down, so we were just looking for a small
profit.

I waited patiently and sold 1508.70 at 3:45. I had
a convergence of four different indicators between
8.50 and 10.00 at that level and time and we covered
shortly thereafter at 1505.20. 

Not a bad day considering we missed the best trade
of the day. I hate when that happens, don't you?

Yours for success,
Ellery Coleman

The trades referred to in this article are trades that were sent to our Choice Day Trades subscribers as they happened. We have no way to verify whether or not all or any of these trades were taken in real time since we did not take them in our account. Therefore they should all be considered hypothetical.

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