Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Hawk who wrote (5782)	2/5/1998 11:27:00 AM
From: Robert Graham	Read Replies (1) of 42787

WIth the very positive sentiment that is being demonstrated by the market, and the continued participation by the institutional money in the market as for instance how money is being moved from bonds to stocks? Do not forget about the foreign investor here looking for a home for their money. Just based on the market fundamentals of supply and demand, market sentiment, and the recent strength in key stocks and indices, I would be surprised if the big market downturn that some have been predicting will materialize. Unfortunately with some people once they make a decision based on a snapshot of the market, they tend to become invested in their outlook. That snapshot is of the past and the present is what is important now. They continue to base their understanding of the market on a snapshot from the past. Perhaps they filter current events from this perspective instead of being able to clearly see what is there in the preset for them to see. The technician needs to be flexible as they follow the market and not become too attached to their prognosis and their specific interpetation of the indicators they based it on related to the picture from the past. IMO technical analysis helps the technician to intelligently follow the market and access probabilities. This is different from predicting the market. Once the probabilities become clear enough to determine and base a prognosis on, then comes the strategy part that facilitates managing the risk of trades that are made in the market based on these probabilities and liklihoods. By the way, how is IBM doing technically speaking? I believe this company needs to participate in this run-up. I think many see IBM along with stocks like GE as a leading indicator of the market. Bob Graham

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