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: HairBall who wrote (30263)	2/18/2002 4:03:06 PM
From: isopatch	Read Replies (2) of 52237

Excellent post, LG. Was reading & posting here at those bottoms Agree with your evaluation. Even though highly experienced traders can make an occasional bad call. I was wrong about a bottom in natural gas stocks in early August (and a few days later posted on SD II that I was stopped out) However, in SO's case we consistently see a heavy number of bearish posts late in a down trend, followed by more negative posts that are clearly fighting the subsequent market rally. Then, he disappears from the thread for months. IMHO, it's not only fair to post this information in a moderately worded msg, but also important to do so for the less experienced participants here. Message 15624090 is one of many examples in the days that followed the key pivot point when the rally was well under way. It's always tricky to make a major market OR sector call. And I usually spend more of my time with DD on individual stocks. But, Mike Watkins and I did call the April 2001 low correctly. OTOH think it's reasonable to point out rare cases of those like Stock Operator who post a heavy of bearish msgs near market lows late in each market decline. LG's post should not be be dismissed, but given serious thought by all who read this thread and are interested in being successfull traders. ------------------------------------------------------------------------------------------------------------------------------------------------------- Returning to the present, my work does indicate the current downtrend isn't over yet. So, as has been the case before, SO could get enough downside sometime in the next few weeks to gain the temporary credibility necesssary to pull some of the less well informed into a heavily short or high cash status when the market has bottomed or clearly entered a new rally phase. When I get some confirmation of a good bottom I'll be reinvesting my current 80% cash position. Best regards, Isopatch

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