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I agree.
If he wanted to prove a
point, why didn't he just
do the research and
show research<FONT face=Arial
size=2> for the bear
markets of the past;
instead of in an ugly
manner telling Clyde
his research was flawed.
His post didn't really
have too much of a point.
If he thought it was flawed, prove
it was flawed in a nice
manner.
Instead of proof just said "my experience".
This isn't condensending
towards AP at all, but
the below statement of
"his experience" doesn't
prove anything really.
Rhonda
<< I haven't done the work, but
my<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">experience would suggest
there were quite a few of them, and ALL except the very last one had no
bullish<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">implications whatsoever.>><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF">
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=delta88343@xxxxxxx
href="mailto:delta88343@xxxxxxx">delta88343@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, July 27, 2002 10:22
AM
Subject: Re: [RT] Re: One Day Rally or
Start of New Trend
<FONT lang=0 face=Arial size=2
FAMILY="SANSSERIF">n a message dated 7/27/02 5:52:43 AM Eastern Daylight Time,
apitt@xxxxxxxxxxxxx
writes:This is exactly the type of arrogance and negativity that is
destroying this list. Though what AP is asking "may" be valid observations and
questions, it's the manner in which they are presented which should not be
allowed for this list to maintain its integrity.As I always tell my
managenet staff with regards to how they speak to the general employee base,
which pays their wages through their efforts, it's not what one says it's how
you say it.AP, you need to get off your high horse and simply ask your
questions and present your opinions and observations in a positive and
constructive manner.Just one persons opinion...I only speak for
myself.Are there any moderators here? Apparently not.
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px"
TYPE="CITE"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">I'm sorry Clyde, I made
an incorrect assumption that I was dealing with a group of traders here
that<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">were above average in intelligence and would know to
apply apples and apples. My point in saying your<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">analysis was flawed was
reference to the obvious fact that the current market environment has
NOTHING<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">to do with the environment that existed for the past 20
odd years. If you wish to compare like with like<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">you need to compare REAL
bear markets with the current activity. The US has had NO bear markets
in<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">the past 20 years. The only obvious ones are
1929-33 and the 70's. All of this seems obvious to me.<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">Its great to have the
ability to take some simple notion and crunch it through 1000's of examples
and tests<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">but ultimately its like using a sledgehammer to put a
nail in the wall. Extremely ineffective and will lead<FONT
lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">everyone to wrong
conclusions. There is only ONE proper way and it involves an understanding
and <FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">appreciation of markets, people, economics and how it all
interacts. Markets AREN'T simple, they are <FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">incredibly complex, and
any attempt to apply one dimensional analysis across a whole raft of
environments<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">will be futile. Its like saying the best moving
average will be the least square fit line over the past 100
years!!<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">By eliminating al that is incorrect Clyde, it brings
everyone one step closer to the truth. Wasn't their a
famous<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">genius who once said it you eliminate the impossible, you
are left with whats possible?<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">So my suggestion, even though it went over your head, is
to once again suggest that you analyse where 6%<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">updays occurred in
GENUINE sustained bear trends. i.e 1929-33, 1970-74 and the NASDAQ
2000-current.<FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">I'm sure your readers would be more informed with
whatever is discovered. I haven't done the work, but my<FONT
lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0 style="BACKGROUND-COLOR: #ffffff"
face=Arial color=#0000ff size=2 FAMILY="SANSSERIF">experience would suggest
there were quite a few of them, and ALL except the very last one had no
bullish<FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial
color=#000000 size=3 FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#0000ff size=2
FAMILY="SANSSERIF">implications whatsoever.<FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3
FAMILY="SANSSERIF"><FONT lang=0
style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=2
FAMILY="SANSSERIF">To
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