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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (121747)7/8/2005 6:01:13 PM
From: Shack  Read Replies (3) of 209892
 
a feeding frenzy, triggered by death and mayhem. Almost makes one dislike "investraders".

We differ here ski, I think you're over-personifying the market. IMO the market's underlying dynamics were such that it was simply not in a place where it was ready for down. On a smaller scale this is why sometimes a great earnings report for instance is bought and sometimes its sold. On a larger scale I believe it would take a "blockbuster" event to change these "macro" underlying dynamics. I have much of the market heading into a 3/C up, maybe I'm wrong but yesterday's action may be a tell.

Similarly, even 9-11, as horrifying as it was appears to me to have been only B wave low which was exaggerated due to the panic. Again IMO.

I'm sure I've done nothing here but invite PPT talk, not my intention.
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