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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (127379)12/23/2005 12:02:39 PM
From: oexchaos  Read Replies (4) of 209892
 
I absolutely disagree. We had a clear breakdown at the lows. Instead of shorting, one should have been buying, as became clear after the fact.

Regardless, Sentiment is key to reading your charts correctly.

EVERY ONE of the best position traders (in the market, not individual stocks and using real money, not just talking) that I know use sentiment to one degree or another.

Gary Smith, who uses no indicators and leans heavily to price will tell you of the value of sentiment.

Mark
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