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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Doppler who wrote (27645)4/12/2000 4:31:00 PM
From: Lost1  Read Replies (2) of 63513
 
Jeffro, I have come to the conclusion that you can't have too much info and that to rely totally on P&F is loafing and at worst reckless. I'm not talking about this recent situation, but several. TO blindly follow when other things say NO! is not allowing the whole picture to develop.

THink about it----All the "pros" and various other indicators were saying we were possibly at a top and that valuations were out of control...BUT, P&F said we were at good levels and should be heading up with great force. I'm afraid that P&F just doesn't react quickly enough when we have a market that moves this fast.

If we have to wait even 3 days for indicators to be updated we are vulnerable..3 days can mean several hundred points of beatings.

Also--I've been trying to finish De Mark's book for about 2 months. Believe me when I say it ain't Tom's book. Very difficult reading IMO. MAybe not for you..if not perhaps you can provide a way for me to plow through it at a faster clip. It's boring as hell and very confusing at times. It could just be that I'm an idiot, which my wife has suspected for some time<g>
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