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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (12859)9/27/2002 6:02:50 PM
From: mishedlo  Read Replies (1) of 16631
 
It used to be that the Market looked ahead 6 months. Now it looks like we will get little rallies amidst further downfalls. Then we get tax loss selling as we approach year end.

The market does not look ahead (at reality anyway)
Never has never will.

The market can look ahead at expectations (which is a completely different thing).

How many 2'nd have recovery expectations have we seen.
How many of those were correct?
About none?

How many of those "expectations were in fact blatant lies"
By CEOs by those pimping stocks etc.

The market also rallies not on expectations but on options manipulations. That is just blatant manipulation that can be read for other things like "look-ahead" nonsense.

So even if the market is looking ahead, or appears to be then why do we get a 1000 point dow rise followeed in weeks by a 1000 point dow plunge. Is the 6 month expecation changing in 2-3 weeks. I doubt it.

The market looking forward 6 months is a BS excuse to get suckers to buy before the dump in bear markets and to shake weak bulls in bull markets.

There is NO REAL look ahead factor in short term trends.
Even when there is, it is a look ahead to EXPECTATIONS rather than reality which is a very very differnt thing (and perhaps helps explain the chop).

M
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