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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: GTC Trader who wrote (9752)12/1/2001 7:46:25 AM
From: LTK007  Read Replies (1) of 99280
 
people who make a end of bear market claim if a channel line is broken this month and thusly jump into the market long side buy and hold style and thusly with complacent arrogance throw all faith to TA and caste all FA out the window,imo,have squarely placed their head in a guillotine.That is my sincere belief.Max p.s. this applies to the late to party crowd,not to those so well ahead they can easily,and rightly just keep riding the wave and cut and run at the first sell signal.p.s i myself longterm reversal calls do not use channels.But pre-established lines.If we were to run to 2300 something from here and those screaming the bull is back will be screaming loudest at that level i suspect,so at that point we who still honor ,in part,FA,will need to wear earmuffs at that point--so be it:)
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