Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: 16yearcycle who wrote (33324)	2/25/2002 10:17:44 PM
From: ajtj99	Read Replies (1) of 99280

I don't have you bearish or bullish. I just seems you have found obvious signals in a very muddy market Friday. That was a day that many experienced traders did not find so obvious. The market was at a very crucial point on Friday, and without the follow through today we might be looking at things a lot differently. Did you go 100% long on Friday after we hit the low at 1698? I guess not, since even if you were confident that was the low, it would be a mistake, as confidence is a mistake. I'm just saying it isn't as clear as a bell. I look at things very simply - we are either testing underlying support on a drop, or testing overhead resistance on a rise. Outside of that, I'm just looking at the overall picture and hoping I'm on the right side of things.

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