Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: A. Geiche who wrote (51392)	9/19/1999 1:32:00 PM
From: Gary Burton	Read Replies (1) of 95453

AG--Say what you want about EW, it doesn't matter to me. We each see what we want to see, I guess. Such is the nature of psychology, as is reflected in the market....I suppose what I am trying to convey to you is that the chart 'spoke' awhile back and it 'said' Going Lower, Folks. If Slider had not come along after the fact, then something else would have appeared in his place....The market is 90% psychology since it reflects the tug and pull of peoples' emotions re greed and fear-the buyers and sellers by and large know the same information so the fundies aren't really too relevant at the margin.Only the net reaction to the fundies is relevant and that is in the emotion arena as depicted by charts, which measures what people DO and feel re the same information. It doesn't matter to me if you agree with this or not. Stick with what works for you and what you want to believe. That's fine...All I'm trying to convey ro you is that Slider is the wrong horse here. If you prefer to think he is the reason why FGI is where it is, then I suppose that's fine too. As the saying goes-people believe what they want to believe.

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