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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (33072)11/5/1998 7:47:00 AM
From: Gersh Avery  Read Replies (2) of 94695
 
Morning bearshark

I don't do candles either. I can recognize some formations, but I think that we are in a period of time where every form of TA is being used against the trader.

#reply-6295079

In addition to chart formations being used against the trader I also believe that the more popular market persons are being used as contrary market indicators. Jerry Favors goes public and says that he is taking all of his people short .. the guys in the back room say "here we go!" and inhale another set of shorts etc.

The one thing that can't be altered for a head fake is the critters. The heard is moving.

Now watch the market drop hard today<g>

Gersh
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