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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (121748)	7/8/2005 7:13:37 PM
From: skinowski	Read Replies (2) of 209892

I don't think we differ, really. I am not a believer that outside events determine markets -- it is the same public mood that determines both -- the markets AND the outside events. I am not saying anything new here - this is, of course, the Elliottian "orthodoxy" - and I am convinced that it is correct. Still, the way the crowd went into a feeding frenzy yesterday was a little distasteful. (Of course, a man must do what he must do - I covered my short SPY's yesterday before the open - g/ng). ....I guess we are getting used to the brave new world of terror attacks. After 9/11 I knew quite well what was going on, but didn't trade - the thought of capitalizing on that tragic event nauseated me. I wrote this post below just about exactly when the markets bottomed after 9/11... but didn't buy. Stayed away. Message 16394117

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