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--- In amibroker@xxxxxxxxxxxxxxx, "Franco Fornari" <ffpsi@xxxx> wrote:
> Dimitris,
>
> I totally agree with you. Sometimes it really seems as markets were
feded up
> and decide to move, no matter if up or down, provided they move.
Perhaps we
> should consider supports and resistances for the bore, too, isn't
true?
>
> Best regards,
>
> Franco
>
> ----- Original Message -----
> From: <TSOKAKIS@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Friday, January 17, 2003 12:41 PM
> Subject: [amibroker] Re: Some 4Q news
>
>
> Franco,
> thank you for the interesting reply.
> I put the question now, instead of some bars later, when my favorite
> CSCO will test again $13.
> It will be much more difficult this time, it will be combined with a
> support test, bearish triangles, stochD divergences etc [as you
know,
> they come all together sometimes...]. The last two months [since
> nov13, when first cross 13 happened] it was quite easy to trade the
> 13-15-13-15-13 sequence [the last 13 is not done yet].
Anyway, boring or not, the 13-15-13-15 now IS 13-15-13-15-13 without
any specific difficulty. This sequence may be closed, enjoy the good
results and re-organise the whole scenario for the next 20-25 bars.
We can call it a trade and begin from the beginning. It is not the
first time...
Dimitris
> If it will be repeated 5 or 10 times, then we know how to make money
> for the next year or so. Is it realistic ? Of course not. A break
> will interrupt this holy sequence. Will it be bullish ?
> 90M+66M+70M buyers tried to make it on Jan 10, 13 and 14 without
> success [a similar attempt happened on Nov21-Dec2 without great
> results]. A third attempt should need a strong reason [or a new
> fundamental basis] and there is nothing obvious in the 2003 1Q
> horizon.
> As you know, if the break will not be bullish, it will be bearish.
> It is as if the market is fed up with this [boring] up and down and
> decides to DO something more interesting.
> I think below 13 the game will be enhanced, perhaps you may agree
> DT
> --- In amibroker@xxxxxxxxxxxxxxx, "Franco Fornari" <ffpsi@xxxx>
wrote:
> > Dimitris,
> >
> > it seems to me you are asking a psychological question, rather
than
> a
> > technical one. Traders frequently speak about greed and fear and
> much less
> > about bore. I think bore (and the consequent feeling of
> frustration) is a
> > powerful strenght as much as the others two, but it is devious,
> too, because
> > strains the self-discipline of everyone. In my opinion, the bore
is
> one of
> > the main causes in incrementing the frequency of trading, for
> example.
> > Beyond a certain limit, trading seems not too much different from
> gambling,
> > specially regarding emotions. An economist said traders spend most
> of the
> > time exchanging money each other. Perhaps it's not true at all,
but
> it's a
> > sobering thought.
> >
> > Best regards,
> >
> > Franco
> > ----- Original Message -----
> > From: <TSOKAKIS@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Friday, January 17, 2003 9:13 AM
> > Subject: [amibroker] Re: Some 4Q news
> >
> >
> > The market verified Wednesday Sell intention.
> > MSFT and IBM reports after Thursday bell pushed after hours prices
> > lower. Another trial to break the existing resistances belongs to
> the
> > past. Next time perhaps. Until then and since we donīt go up, we
may
> > go down. It looks simple but it is not. It is just real.
> > The next question is referred to the existing support levels :
shall
> > we see any attempts for a breakdown ?
> > This "buy at $13 sell at $15, short at $15 cover at $13 becomes a
> bit
> > boring. Is life so easy? I really doubt...
> > Any technical [or non technical] opinions appreciated.
> > DT
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS
> <TSOKAKIS@xxxx>"
> > <TSOKAKIS@xxxx> wrote:
> > > will be released today. INTC announcements were rather confusing
> > > [better, BUT...] and, anyway, did not reflect anything important
> on
> > > the floor. The giants, IBM, MSFT, GM are coming to paint the
> > session,
> > > today AND tomorrow.
> > > The oldest [perhaps] stockmarket postulate is still "if it is
not
> > to
> > > go up, it will go down".
> > > A selling smell was detected yesterday, the well known
resistances
> > > remained their once more, no additive buying volume available,
> some
> > > other time perhaps...
> > > We shall see
> > > DT
> >
> >
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> >
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>
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