December 7th, 2010
Which is more excruciatingly painful: root canal or trying to get your wireless network to work. I’ve done both and I think it’s working at installing a Cisco Linksys wireless network router. After a week of trial and error, buying a new unit to replace what I thought was a defective older one and spending many hours in cues waiting to text-message with technical service people somewhere on the sub-continent during the day and from 8:00 p.m. till 2:30 a.m. when I finally gave up without a solution and went to bed …. I think I’ll take the root canal.
I really don’t want to burden you with my tale of woe but who else can I complain to. My wife, fearing that the whole experience was going to damage my physical and mental health, doesn’t want to hear any more about it. My dog either just looks at me sympathetically with her big brown eyes or just sleeps outside my office. The Cisco Linksys Forum for some mysterious reason has blocked new complaining members from joining because any username you might think of has supposedly already being taken by someone else (I even used “whataboutthis1234” … “User Already Exists” was the response).
I read the earlier comments and was relieved, or should I have said distressed, to learn that I wasn’t alone and many were having the identical same problem as I had been struggling with. If only I had read the comments I probably would have bought a Netgear, Belkin or D-Link router instead of just replace the old Linksys with a new one.
I reset the new router and repeated the installation process three times before I finally could get my Vista PC to launch a browser and access the Internet. My wife’s XP laptop still can only access as a “Guest”, a new security level created by Linksys to allow house guests to use your router to access the Internet without being able to transfer files, use printer, etc.
It took 4 days before I could get my new iPad to access the network (not as a Guest, but as an accepted member of the network). We were even so frustrated that we broke down and bought a print version of the NYTimes. That paper is something I probably should save for my grandchildren since, in the not too distant future, the notion of cutting down trees in order to print newspapers that are only half-read and then quickly disposed of … hopefully recycled …. will be as alien as dial phones and typewriters.
I still don’t have the wireless printer functioning yet; it worked extremely well with the previous router but hasn’t yet figured out how to connect with this one. And I’m going to either go surfing on the internet or finish a book (also probably soon a collectors item) since our BlueRay player with wireless communication capabilities still can’t stream movies from Netflix.
All this distraction from the market might actually have one fringe benefit. There aren’t that many stocks on my watchlist (a copy of which is available weekly to subscribers) that haven’t already moved well above of their optimal buy points. Making new commitments at this point is getting riskier all the time. While I do believe the market will be going much higher next year, it’s currently stuck between year-end tax selling (in fear of higher capital gain and ordinary tax rates next year) and the mad rush by investment managers to concentrate their efforts on churning continually fewer volatile stocks higher in an effort to make it seem like they were successful all year long.
We expected this congestion area between 1170-1220 and it would be a surprise if a breakout above the upper range happens before year-end. Staying at this level will give the market an opportunity to absorb the volume divergence (as measured by OBV) against the last April’s peak price level. Plus, some individual stocks may put in bases that could serve as launching pads and entry points for their next move up. Unfortunately, we won’t know until next year which stocks are making consolidation and which reversal patterns until the market makes its move.
My router frustrations this past week has given me good practice for the patience demanded by the monotony of the next few weeks. Rather than seeking out stocks to buy, perhaps a better strategy over the next several weeks will be deciding whether we trim stocks that have delivered nice runs we already own.