Sharck Soup Message Board

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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (23974)	5/21/2001 6:44:35 AM
From: mish5000	of 37746

A point on Technical Analysis: I am scouring hundreds of charts daily, and all I see in most cases is basin, after basin, after basin. We should use these bullish chartpatterns to make money on the Long side - and (for the moment) FORGET about the fundamentals and logic of the market.... I trade Long/Short based on T.A. - NOT FUNDAMENTALS.. I am a TRADER - NOT an investor. For example; I couldn't care less if PLUG has a market cap of 1.5 billion and no revenues - what is more relevant is that I saw a beautifully crafted chart that was destined to break higher PERIOD... My advice is to go with the Flow...be that sheep...and when the fundamentals start to catch up with the charts (which they inevitably always do)- THEN let's bring this market to its knees once again. Until then Ride those Waves.

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