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

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To: Olaf Koch who started this subject	11/29/2001 1:20:33 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Da'bung, Tommy-boy, Kodiakbull$hi^^er et al... fwiw: 1. DA' BEAR IS ALIVE & WELL 2. GOLD & SILVER - IT'S TIME HAS COME - how much ya; got ? Knowing you guys are such TA afficianado's...I'd thought I'd explain this little Fed,ESF-PPT, Insisde Wall St - "student body left" Prop Job Rally of late in parlance you could relate to: ["At the early stages of a new price trend, the majority of investors still remain committed to the old price trend. The previous trend has already finished, but its termination has not yet been generally recognized. A minority of investors will have begun to suspect that a price reversal is at hand, and will be altering the balance of their portfolios. However, even for this group, there will be some degree of uncertainty about the future course of prices: portfolio balances will be altered to only a relatively small degree and there will be a tendency to reverse profitable trades very quickly rather than take the longer term view. At the beginning of a bull trend the fear of making losses still predominates, while at the start of a bear trend greed (or a fear of missing further profits) tends to stop people from selling a significant proportion of their investments. Consequently, at the early stages of a price trend, the emotional commitment of the (ultimately) successful crowd to that trend is weak."] - Tony Plummer The Psychology of Technical Analysis Revised 1993 edition ...da'bung; get his book & put all that demonic candleology BS away for now & learn how to "Trade the Traders" on a TA baisis...which is a prerequisite for successfull cyclical investing/trading - because you MUST all ways trade out front of & in anticipation of (versus in "reaction to") - what they & they market will do...and understanding the psychology of the unwashed (ie: YOU) is step #1... ;) ciao~

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