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To: paulja who wrote (4883)3/13/2000 11:36:00 PM
From: Teflon  Read Replies (1) | Respond to of 8096
 
Thanks...I agree. That's why I didn't trade today. I am very curious to see how this week plays out. I'm not convinced the downdraft is over.

The market is very tricky right here. Sometimes it's better to just sit and watch. I know, wrong thread for this topic!!! <vbg>

Teflon



To: paulja who wrote (4883)3/14/2000 8:36:00 AM
From: edamo  Read Replies (1) | Respond to of 8096
 
paulja...."contrarian indicators...sometimes the crowd is right"

not really.....used to be a saying on the street, many years ago: "if the majority was always correct, everybody would be rich"........still applies.

imagine being in a theater....someone yells fire, you discern there is no fire by using all your senses....the crowd stampedes and heads for the exit...you wait till the dust settles, and move from your cheap balcony seat to the orchestra pit....

all this to say, if you wait until the "crowd" reverses, and comes to its senses, then you are part of the "crowd"

good luck...ed a.