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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (130518)	3/10/2006 11:17:17 AM
From: bcrafty	Read Replies (2) of 209892

mc, I got the impression that he was only stating that NGAS was looking for a bottom, not that it had necessarily found one. The other natural gas stocks are in the same boat, including NGS and NI. It looks like we'll forever see two types of trades on this board and elsewhere: the reactors vs the anticipators. As you know, I've always been a reactor like you (wait for the trend to clearly change, confirmed and supported by indicators, and react to it) but it seems to me that we might be outnumbered on the board by the anticipators (anticipate a trend change and try to get in right before the change or exactly when it changes). To try to debate the merits of either side would be a discussion for another time (and probably another board) but IMO it would end up being fruitless, because it merely comes down to a matter of personal style - what one is comfortable with. Personally, although I don't like anticipating I do appreciate the chart postings of those that do, as frequently their (over)attention to precise timing leads me to add charts to my watchlists that I ordinarily would have overlooked.

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