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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (16803)	10/17/2001 11:25:31 AM
From: Perspective	Read Replies (1) of 209892

Yes, I was referring to NDX island. I know it's not as strong when you only see it in one chart, but I'm intentionally trying to find bullish technical reasons here to counterbalance my bearish fundamental views. While the fundamentals matter on the long haul, they are virtually irrelevant in the shorter time frames, and it's hard for me to fight the tendency to trade the fundamentals so I compensate by really reaching for reasons to fight my fundamental views. Also, I've had a great few years' returns in the last couple of months, so I'll take almost any reason to just step aside. Island reversal up was a decent one. Sorry for the confusion. BC

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