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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (31361)3/4/2002 12:10:25 PM
From: Terry Whitman  Read Replies (2) of 52237
 
I learned from Mr. Sew that one should always be skeptical of strong predictions. And from experience..

I guess it all comes down to - Are you a player or a spectator? If you're a player- you have to speculate on where the market is headed. And if you have big $ riding on it- by definition, you have to be confident about your assumptions.

Growing confidence in the market is what makes a bull market. Then at the top, the confidence reverses direction, making a bear market.

So, it really is all about confidence. Some people just seem to exude more confidence than others. When the shouts of confidence crescendo- that's the time to be on your toes- because the majority is nearly always wrong..

I am quite confident that the sun WILL set in the west this evening. Other than that, who knows. <g>
TW
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