|
PureBytes Links
Trading Reference Links
|
Well a truly impressive list....would you consider adding one extra
factor? How about the approaching of Feb 19.... the market have been
going straight down for sometime now and on that date..... is triple
witching or is this to be double witching.... take your pick.
John
tj wrote:
> you know guys, my take on all this is a little different than most.
> guess that's why i've survived while others get fried.
>
> first, the news ----> it's irrelevant - turn off the tube when
> greenspan comes on, what he says is usually worthless, just know when
> he's speaking and watch the markets instead. some guys gotta know
> every time greenspan farts and how the market reacts to it.
>
> second, clinton's trial acquital ----> nope, it's irrelevant too -
> that was discounted in the markets months ago
>
> third, bears short covering ----> yep, very relevant today; market
> played leapfrog over the bears buy stops all day
>
> fourth, pit locals shorting and short covering ----> ditto above
>
> fifth, money on sidelines ----> huge factor, much much more will
> becoming in as this thing advances
>
> sixth, technicals ----> i got major buy signals today and i'm holding
> a position overnight (something i rarely do unless a major happening
> occurs); biggest near term resistance is at contract highs.
>
> seventh, sentiment ----> cruise the net and see all the bears this
> week, a good psych setup for an explosive rally
>
> eighth, prechter was looking for a huge sell, so i was looking for a
> huge buy, sometimes contrary opinion it's as simple as that; a lot of
> analysts were talking correction too, so ditto the prechter factor
>
> ninth, rumors of great earnings began filtering out this week; the
> demise and death of hi-tech and i-net stocks were greatly exaggerated;
> witness the nasdaq 100 leading the whole market higher this week.
>
> and tenth, to all the wunderbears out there ----> the new paradigm
> model is alive and well, thank you very much <g>
>
> TJ
>
> the wall of worry sure was slippery today, especially if you were a
> bear!!! :))
> _________________________________________________________
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com
|