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Non-Tech : The Bear Cave

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To: Charliss who wrote (73)	12/3/1998 8:11:00 PM
From: JEB	Read Replies (1) of 87

Have you ever noticed that you can spend way too much time studying all the indicators on a given trade and completely miss the trade in the process all because one or two indicators were giving you contrary data. Wholeness includes the emotional aspect as well. Can you just taste the fear the stockholders are exhibiting when they step down the bid dramatically. You're watching the volume increase as the price is dropping. Or the euphoria that must be surging through their veins as the trade gaps huge (Any wonder why it can drop just as fast and why others buy at the high). Understanding the emotions of the trade can be a powerful tool to make money. That is part of the wholeness concept. When you understand your own emotions and what was the reason for a specific trade based on your emotions at the time, then you can grasp the emotions others are feeling who are long or short. Study the Level II, use candle sticks for the chart, watch your plus minus indicators, study the stochastics, feel the greed or fear, and you will be able to tell just by the level II action when to sell or cover and you will have conquered the erroneous indicators. Good trading, JEB

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