Raptor's Den II Message Board

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Strategies & Market Trends : Raptor's Den II

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To: mish5000 who wrote (1609)	1/10/2004 3:30:11 PM
From: ajtj99	Read Replies (1) of 3432

Actually, when you see a long white candle busting up through pinched Bollinger Bands on the weekly charts like we're seeing on the SOX, NDX, and COMP, it doesn't take a genius to know we're going higher. You and I seem to be grasping what seems obvious to us, but there is still a lot of denial out there. That's great to feed future moves up as shorts scramble to cover. This market is not rational and it is not reflecting value or realistic valuations. Why does that matter if the charts are pointing up? People need to trade the trend and disconnect their emotions from the market. If the charts were turned upside down, would the bears be going long? Probably not (and rightfully so), and there lies the problem with some of those who are not trading this market well. They see only one direction well instead of recognizing the trend.

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