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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (95131)4/17/2001 9:56:14 PM
From: yard_man  Read Replies (1) of 436258
 
>>In general, I don't think one can fade the TA-types in the same way as you fade the broader market. You would not have done very well to fade the likes of me, heinz, and Shack over the last number of months. Not saying we get it right a lot of the time or anything, just that we are not the sort of group you'd do well fading.<<

At this point, Allan, TA is the only thing that can be faded. That's all the "mouthpieces" talk about any more anyway. All we need to know is that "bad news" is being bought -- that is bullish. There is nothing else to be had that could rationalize buying stocks right now. I have no desire to "fade" you or anyone on the thread. I'm only observing the unanimity of opinion about where the market is going and it isn't you, Heinze and Shack. It's just about every thing I read except for a few dyed-in-the-wool fundamentalists who will be telling us to avoid stocks for years to come, probably even when pessimism reigns supreme. I put more stock in what I know about human nature than whether or not something has broken a trendline or not. By all the chatter on the boards, I am suprised that the P/C is not much lower -- everyone and his mother believe that an extended run up in the NDX and/or tech shares in general is coming. Maybe everyone has it right this time ...
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