Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (6219)	4/23/2001 7:38:13 PM
From: isopatch	Read Replies (1) of 52237

Paul. Don't mean to sound too cavalier about the market. Because it's my livelihood and therefore serious business. OTOH, Job One is to eliminate emotions like "worry", fear, anger, etc from the process. And over a period of many years of doing this I've gotten increasingly successful in accomplishing that. It's simple. My ability to evaluate the investment environment at any point in time so I can properly prepare for good buy, sell, or hold decisions just goes down the tubes if I don't. HOW to accomplish the trick of reduing "emotional noise" to a very low level varies a lot from one person to another. My approach works great for me. For example, I don't use words like "worry" to describe my attitude to the market. Reason? Using the word makes you more likely to fall prey to the emotion IMO. Perhaps a subtle psychological point, but I think a very important one. As far as you comments about A/D, the Trannies and the other things you mentioned. What I try to do is assign the various pieces of evidence with the time period they apply to to. LT, IT, ST. Putting the pieces together right now my conclusions are basically: 1. LT it's a Bear Market 2. IT we've finished the A wave up in an ABC Bear Market Rally 3. ST We're in the B wave down. So, right now, am watching for entry and reentry levels on this B wave dip. Just sticking with a few stocks that I'm familiar with and have some feel for on the tape. Isopatch

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