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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.19

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To: Johnny Canuck who wrote (18366)	11/16/1998 1:04:00 AM
From: Clint E.	Read Replies (2) of 68093

Hello Harry. Keeping any thread alive is a team work and requires interactive frequent discussions among at least five six regular members with periodic participation from silent observers. This thread will never return to its hyper active schedule of two years ago since all the power posters left SI and formed an email group of their own. Many others on SI have done the same and talk behind the scene through email and “private messages”. There is more freedom in discussing stocks, daily events, and just horsing around when you have an audience of six seven people who you are friends with and who regularly respond to your thoughts and concerns. For some, there is also the concern of taking a position in a given stock or making a statement about the direction of the stock market that turns out wrong and having those thoughts exposed to all people to see. Most SI participants love you when you are right and they make money and hate you if you are wrong and they loose money. Email groups have their own problems. They can certainly confine and “condition” you. I am actually very proud of this thread because we have shown good manners and stayed almost incident-free throughout the year. As you know this thread was started by Thomas who is one the politest individuals that I have ever come across on SI and therefore I am very happy that we have kept his thread clean. I am also very satisfied that we have called every market turn this year within a few hours to two days at most. I did some lurking a month ago and monitored other threads and widely followed posters who were Favors-followers in disguise and made some outrageously erroneous calls about certain stocks and the stock market. I won't mention any names since most of these individuals are very nice giving people. However, they may have kept many of their followers from taking advantage of this market uprise. I think the reason for our success beyond knowing the dynamics of the stock market is that we understand technology and know something about the fundamentals of most of these tech. stocks. Most importantly, we are unbiased. I cannot stress enough how important it is to be unbiased. I do like to see the traffic increase on this thread and have others interact with one another, especially when I am away. However, if that doesn't happen that's OK with me. I have always cared more about quality than quantity. This should be a good week for stocks based on my theory that this is the 1st options week after a strong reversal. The only kicker is the FOMC meeting. I hope we don't get a cut and have a small pullback so I can do some bargain hunting! Take care; Clint

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