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Strategies & Market Trends : Classic TA Workplace
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To: At_The_Ask who wrote (29448)1/29/2002 9:20:14 AM
From: AllansAlias  Read Replies (3) of 209892
 
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be -- up or down. The thing to do is to watch the market, read the tape to determine the limits of the get-nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction.

Reminiscences of a Stock Operator, p. 125

Jesse would not have been impressed by Elliott. -g/ng
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