Mike, yes I like it since I play the short side. But I hate it when my shorts are not performing as intended today! <gg> INTC, MU and SCTR all held up very well today. What a bad day for me. : (
The retailer getting hit is another sign that the weakening is broadening out, which will help the bear case. So it is not just concentrating on the techs and oil. The last pillars to fall will be those of the internut, and then as LT says, everything will be over... Well, at least that is the ideal scenario for the shorts. Can't always count on it, can we? Unless one is Allen the money god that can move the market with a few words of wisdom.
Doc - if the overall market gaps down tomorrow, I really think this evil tower better get electrocuted. Something very fishy is happening otherwise, like they make one sacrifice to Satan once a day to draw the evil force to sustain them.
Shelia - I didn't learn my TA by reading books. I learn by doing it the hard way - read the charts everyday and fine tune my understanding accordingly. I think this real-time type of learning is better than just reading the books. This way we can better capture the changing time of the market sentiment from period to period. The book on the other hand is good for teaching the principles. But to practice it well one has to do it with one's own money and learn. No guarantee that this is the best way but I believe it has worked for me and I will recommend it if asked.
Just poped over the other thread and it is a sad sight to behold. Some people just never get it for they have no fear in their heart. If they are in the army, the army will certainly win the war, even though all these brave men will die in the process. |
