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Mr G and all RT'ers...
Just a question I'd like to ask the list, in general...
Gazing back at the posts over the past XX weeks or months [while we were
clearly in a down trend, bear mkt, whatever term you like...], I see a
tremendous amount of energy spent posting things like:
I assure you the Nasdaq will rally XX percent after making a low today...
My work says today is the low of the move and the markets will now rally XX...
I see on my charts that the market[s] have reached their bottom and should
now test XXXXX on the upside within XX days...
and on and on and on...
Why is so much energy spent trying to pick a termination of a down trend?
Why aren't there posts extolling the virtues of selling every rally while
we are in this beautiful downtrend? Where are the charts that show
tomorrow's potential sell area if we are lucky enough to get a rally in price?
Just an observation...Anyone like to reply or speculate?
Best,
Tim Morge
At 11:52 AM 4/3/01 -0400, you wrote:
>Been dissecting some canned trend related indicators for CSCO, and come up
>with some data :
>
>- Peak in Weekly ADX: CSCO @ $77, with ADX (14, wkly) at 49.27.
>- MACD 12/26/9 last seen in positive territory: CSCO @ $64
>- RSI (5) last seen over 70 (overbot): CSCO @ $42
>- 200 day ema last touched on either side: CSCO @ $60
>- 50 day ema last touched on either side: CSCO @ $50
>- 20 day exponential moving average last touched on either side: CSCO @ $40
>- Any major moving average last touched on either side: the 20 day, with
>CSCO @ $40.
>
>- Current Weekly ADX (14) : 47.41
>- Current position of moving averages:
> - 200 day simple $48.73
> - 200 day expo $42.03
> - 50 day expo $25.25
> - 20 day expo $18.86
>
>- Current Stock price: $13.625
>- Peak stock price: $81.75
>
>Average acquisition price for those who bought into CSCO from Jan 1, 2000
>on a weekly DCA at a service like Buy&Hold.com or stockpoint.com: $35-$39,
>depending on day of week.
>
>In other words, the stock has lost 2/3rd of the invested amount over a
>year and 3 months.
>
>Word is, the bear market blows away all bull market funda's.
>
>Gitanshu
>
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