[RT] Re: There is always "a morning after"

["rlopes" <rlopes@xxxxxxxxxxxxx>]

I think what you've said here is right on target.  I have missed my fair
share of profits from this same type of analysis.  I believe this idea of
"overbought/Oversold" is hogwash.  Where else in life does one come across
the notion that something is "overbought" or "oversold"  This only comes
from tech analysis of the markets and whoever came up with this notion has
gotten a whole lot of people to buy into this.  Let's look at what is
ACTUALLY happening here.  The Nasdaq stocks are going up.  If this is indeed
the infancy of the building of a global network of communication and
business, and these products are on the verge of becoming main stream
globally, then who can say what price these companies supplying the
infrastructure can go to?  As I look around networked communications have
just started to be built.  The tech stocks are giving a CLEAR signal, this
sector of the market is still going up.  Our jobs as traders is not to lead
the market but to follow and adjusted as we SEE conditions change.  I
believe it was Pablo Picasso who said, " If only we could pull out our brain
and use only our eyes."

Just thinking out loud
Good trading,

Randy Lopez
----- Original Message -----
From: "Phil Lane" <patterntrader@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, February 25, 2000 6:13 AM
Subject: [RT] Re: There is always "a morning after"


> Just to show you what can happen, a friend of mine was doing great in
stocks
> back in the early 90s. But suddenly he decided the market was too high and
> sold out. Has been out ever since!
>
> rgds phil
>
>