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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (30507)6/28/1999 11:23:00 PM
From: Vitas  Read Replies (3) of 79201
 
Geez Doug, there you go again.....

You were clearly bullish - you would obviously appear to be an idiot
to go attacking "bears" if you thought they were about to be correct.
You certainly did not say they were wrong but now were about to be right.

It says within your post:

Message 8873887

"the market has continued to increase in strength from an OBJECTIVE standpoint."

continued - clearly means you expect it to do so

"not succumbing to Chicken Little syndrome until objectively justified"

If you don't think an internet sell off of 30% in the next 5 days
or GE going from 117 to 101 was enough to be chicken, then it would appear your definition is a bit loose.

Perhaps this post, 5 hours earlier, got you all warm and gooey:

Message 8869550

"short term indicators are set for a PARABOLIC
move up"

>>>I didn't buy the S&P. At least I don't recall doing so...lol!!!<<<

I didn't say you bought the S&P. I said:

"It would appear that your arrogant post was based at least in part on one of your favorite indicators, the 13 day RSI of the S&P 500, which broke above a resistance line from 11/23/98 to 3/18/98. The fact that you bought into this breakout to the extent of publicly embarrassing yourself is truly humorous"

It was at a new high for the move, and had broken above a trendline. You obviously thought it was going to continue.

In this post, dated two days later, it CLEARLY says:

Message 8932677

"I was looking for "real" strength over the last 8 days"

And now you claim you were not bullish going forward when you made your dumb dumb post at the MDA thread? Sure Doug.

It was a clarion call to get the hell out of everything. Thank you very much. It was a beauty.

Vitas



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