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

["Steve Karnish" <kernish@xxxxxxxxxxxx>]

Randy writes:

I believe this idea of "overbought/Oversold" is hogwash.  I believe it was
Pablo Picasso who said, " If only we could pull out our brain and use only
our eyes."

I can only assume, after the reading the above statement, the  brain has
already been removed.  In fact, maybe the eyeballs were also plucked.  I use
oversold indicators to time into the NASDAQ 100 stocks.  After viewing the
last year of signals at my site...please advise if their is a better way to
time into these volatile issues.

I'm all eyes, the synapses stopped firing years ago,

Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com

----- Original Message -----
From: rlopes <rlopes@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
Sent: Friday, February 25, 2000 7:20 AM
Subject: [RT] Re: There is always "a morning after"


> 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
> >
> >
>
>
>