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There are bull markets and there are bear markets. There are bear phases to
bull markets and bull phases to bear markets. You can have charts that are
bullish on the weekly and bearish on the 60 minute chart. No matter what
the market condition you can find an up trade and a down trade on any chart
you put up. What Arch or any other guru who prints or gives a prediction
can change it 15 minutes later based upon what is happening in the markets.
Both Arch and Norman use astrology and it would be interesting to see if
they agree with each other. The stars and planets are in the same place at
the same time for each, but will their interpretation be the same? There
are supposedly 800 people on this list using varied systems and I would bet
that no 2 see exactly the same thing when they look at a chart. So when you
gloat at someone else's apparent error consider all of the facts. Do you
subscribe to his daily update? When was the last time any of them were
right before the fact? Some are constant bears and other constant bulls and
eventually they will all be right and claim it in their ads. The best
trading advise that I can give is to be your own counsel and when trading
don't read the papers, listen to the news or participate in anything that
could bias your outlook on the item that you are trading. The charts and
your system should be your only guides. All the information you need is
right there before your very eyes. Good luck, Ira.
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "RealtradersList" <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, November 15, 2002 7:48 PM
Subject: [RT] Anyone know of a ...
> good psychiatrist for the bears ?
> OMIGOSH - these poor guys must be going crazy.....
> the worse the news, the higher the market.
> Now they're going to be cheering for good news.
>
> And poor Arch Crawford must be polishing the lens of his telescopes...
> wondering what stars he was mistakedly seeing....
>
>
>
>
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>
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