Complacency Indexes Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Complacency Indexes

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ajtj99 who wrote (1083)	4/28/2002 7:36:03 PM
From: TechTrader42	Read Replies (1) of 1487

"see how they painted the close on the SPX and let it drop A/H." Yes, that's it exactly. Nicely stated. A weekly chart is showing 944.75 as the Sept. low. There's also support at 1053, from last November. There'd appear to be some support around the 998 area, too. Of course, I don't know whether these numbers are accurate. I obtain them through channeling, not through looking at charts. Like most traders, I find that charts only distract me from my deeply held beliefs on the market. I can't look at charts and remain immovably bullish or bearish, because prices stubbornly insist on going down as well as up. I channel the spirit of Munehisa Homma, a rice trader in Japan in the 18th century. While my abilities as a channeler have not led to a successful career in trading, they might lead to a profitable career writing TA newsletters. Would you be interested in funding the start-up costs for a newsletter? I can't promise that the newsletter would be the least bit informative or helpful, but you would keep its executive editor from starving. If you agree, we could start directing all of your trading profits toward the newsletter. Pls. post your bank account numbers when you get a chance this evening.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next