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--- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> --- In amibroker@xxxx, "Jayson" <jcasavant@xxxx> wrote:
> > DT,
> > A good read! IMO the events of yesterday and the (apparent)
follow
> through
> > of today are not yet compelling for a Long side bias. Remember
> Monday just a
> > short while ago?? The market is tired of selling and looks to ANY
> minor
> > event to try a bullish move. Unfortunately the Bears are still
> skittish. I
> > fear that a lot of yesterday was the result of skittish Bears
> quickly
> > covering short positions as opposed to any full scale purchasing
of
> stocks
> > by the "Big Money". The large swings we see in the indexes and in
> stocks
> > themselves represent the high levels of fear that still grip this
> market. I
> > think it is far too early to be looking for any long term
> investments. If
> > perhaps we have found a bottom, we may find ourselves in a large
> trading
> > range for some time to come. This will be challenging for many of
> us who
> > have enjoyed trends (both up and down) for several years
now. "Take
> the
> > money and run" may be the best approach until the market makes up
> its mind.
> > Dusting off, and brushing up on the use of our non trending
> indicators may
> > be the best approach for now. Lucky for us we have a treasure
trove
> of such
> > indicators to choose from, an ever improving software package to
> practice
> > them on and an impressive mind bank of creative people to help us
> fine tune
> > their best use.
>
>
> > Or perhaps we are on day 2 of a huge new bull where everyone can
> once again
> > become an "Expert" and throwing darts at the Wall Street Journal
> can produce
> > impressive year end gains......... :))
>
> Well, I don´t think so.
> I will post an analysis tomorrow. From the first view, it looks
like
> nothing important. Give me some time and I will revert.
> DT
Now you may see correlations I, II and III and judge for yourself.
Gifs speak better.
DT
> > Jayson
> >
> > -----Original Message-----
> > From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@x...]
> > Sent: Friday, October 11, 2002 3:10 AM
> > To: amibroker@xxxx
> > Subject: [amibroker] Re: Articles
> >
> >
> > Many people were named guru during the bullish years.
> > They were not educated in fundamental or technical analysis.
> > They were just pushing prices higher and higher.
> > MACD was a fine solution for charts, as long as it was not
crossing
> > its signal for months !!
> > StochD was not important, it was from 60 to 90 for exrended
periods.
> > Crazy P/Es were promissing huge profits not only for us but for
the
> 3
> > next generations !!
> > Crazy profits in new tech for example, when I payed $1800 back in
> > 1989 for my brand new 386 and less than the half for my PIII/800
in
> > 2000 !!
> > After the end of the bubble, the same people walked the dangerous
> > [and wrong] path : they continued serving the bullish dream.
> > In any local trough, the very next day after the reaction, they
were
> > giving bold promises for a new high.
> > The reason is simple : they did not know something else to do.
> > But the market was falling again and again.
> > Nearly 3 years later some people still remain on this bullish
dream,
> > some gurus still remain on the same side, but who cares !!
> > They did not see the bearish reality, which is much more real than
> > the bullish bubble.
> > We should face the recent example : What happened yesterday ?
> > YHOO announced a third-quarter profit of 5 cents a share late
> > Wednesday,
> > a penny above estimates, and raised its revenue forecast for 2002.
> > Aetna Inc. New (NYSE:AET) had some optimistic forecasts, GE will
> > announce a profit report before the Friday´s open.
> > Are these [and some other minor] events the reason for an
> > enthusiastic gap up ?
> > I would consider more important to read an announcement for
divident
> > payment for some "great" companies.
> > [You may see also
> >
http://money.cnn.com/2002/10/10/pf/investing/q_dividends/index.htm]
> > This would be a serious reason to buy and hold some "promissing"
> > stocks of the "new" tech.
> > Else I am obliged to invent new techniques to take a +10% from
CSCO,
> > applying a "take the money and run" logic.
> > I will be a fool if I forget that the last 2 months CSCO price did
> > not pay any respect to ANY technical support.
> > Does this behavior reflects the company perspectives [to apply
the
> No
> > 1 Stockmarket axiom]?
> > I am not the authorised person to answer. Did we see any serious
> > reply to this fundamental question by any authorised person ?
> > [If positive, please let me know...]. Was there any serious
> > fundamental reason to drop from $15 [Aug22] to $8.5 [Oct10] in 32
> > trading days ???
> > Probably not.
> > We have to understand that we are alone in this wild market, we do
> > not need any uneducated guru to give any advise.
> > The only solution, in my opinion, is our continuous fundamental
and
> > technical education.
> > And especially for this technical part, Amibroker forum is one of
> the
> > best.
> > Enough for now, it is 10:00 and ^Gdax opens.
> > Thank you for the opportunity.
> > Dimitris Tsokakis
> >
> > --- In amibroker@xxxx, "eseward_2000" <eseward_2000@xxxx> wrote:
> > > Thanks, Dimitris; that was worth reading.
> > >
> > > Bill
> > >
> > >
> > > --- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> > > > http://money.cnn.com/2002/10/09/markets/strategists/index.htm
> > > > Interesting and educative.
> > > > DT
> >
> >
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