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In a message dated 98-05-01 10:49:51 EDT, MitchT@xxxxxxx writes:
> Anyone have a real explanation for the 4.5 pt downdraft we had in a 5
> min period
> @ 9:25 c.s.t.??
>
Mitch
I have a question for you, and others who ask this kind of question,
and this isn't intented, to be critical, a flame, but hopefully start a
thought process.
What difference does the reason make???. My mentor would say who
cares, we act on indications of direction, and some moves are great like that
was, and some don't go anywhere, and there is absolutely no way ahead of time
to know what will happen.
How will knowing what caused this move, help you anticipate a move in
the future, when it might be totally different.
Joe Ross also says it well "Trade what I see, not what I think."
Looking for an explanation, tends to lead one to an I think mode.
Hopefully this makes sense.
Pete
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