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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (70089)	4/1/2003 12:50:03 AM
From: Perspective	Read Replies (1) of 209892

Does this surprise you? A trader can't know what the market will do with certainty. You can only know what it has done, and guess from that behavior what might follow. I did NOT expect in any way for the war rally to be anywhere near as strong as it was. I knew something was coming, and that I didn't want to play it with my money, but I had no clue it would involve 2.5B share days and multiple 3% moves. Having seen that, I respect the bulls' ability to move prices higher. I was expecting another leg up. If we drop much more, the impulsive nature will be lost, and we're left with yet another impulse without a decent brother, which would mean it was a terminal move. It appears that we remain mired in jello, and I have no interest in getting whipsawed back and forth in this chop. Wake me when we have a little trend uniformity. BC

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