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[RT] By Definition!



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M.,
At  Mon, 5 Nov 2001 00:19:30 -0500, you wrote:
   From: "M.
Simms" <prosys@xxxxxxxxxxxxxxxx>
Subject: RE: sense of it all
Wrong. Try.....The market moves in a direction and way to LEAST
accomodate
the consensus opinion.

How true.    
But the consensus opinion will always be in the direction of the
consensus opinion!
So the consensus will never see this, however true, and however many
times the market tries to tell them they will not see - by
definition!
Trading with good feelings, Ric.
www.traderscalm.com



> -----Original Message-----
> From: BobsKC [mailto:bobskc@xxxxxxxxxxxx]
> Sent: Sunday, November 04, 2001 9:06 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] sense of it all
>
>
> You know.. I've about decided there can only be two explanations for the
> action of the past few weeks. All fundamentals point down. Nearly all
> traders point down. Most analysts are mute or flying red flags. So what
> does the market do? It has a nice, fat .. recovery. So, why?
>
> 1. The U.S. government is buying contracts or equities or both.
>
> 2. The pros are taking advantage of the huge short positions out
> there and
> buying them into a panic. If this is the answer, it will not stop yet. We
> have no way seen capitulation by the shorts and for my money,
> capitulation
> works both ways... when we have a panic buying day or two, I will
> expect a
> large sell off as the pros take profits and with the shorts
> terrified, the
> market will then continue to sell off
>
> Oh well.. it's a great traders market like it is. Go either side and if
> you're wrong, wait a couple of days and you'll be right. :)
>
> Good luck next week all,
>
> Bob






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