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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (76689)	6/26/2003 1:59:01 PM
From: Joseph Silent	Read Replies (1) of 209892

Bob ... your response was very good and crisp, but I have to reply. :) My technical (trading & market, I mean) skills are nowhere near your excellent skills --- so please take this in the spirt in which it is intended ..... half in seriousness, half in jest, and half in drunken stupor. :) 1. Do not enter into long-term bull trades; any bull trades must be short-term. I would be surprised if anyone on this board has a longer-term horizon than a few days, if not weeks, in this day and age. 2. Upward movement, price-wise, is probably nearly complete if not already there. There are few additional players who can be converted to the bull camp to provide additional upward price movement. Time-wise it could continue for many more months, so you don't enter put options until momentum reverses This is saying "we can't seem to find energy to take us higher but we may go up for several months anyway". 3. Prepare to fade the consensus, because if anything goes wrong, there is an enormous supply of potentially motivated sellers. You do realize that the consensus on this board is that we are going down. We are the motivated sellers. :)

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