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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (35294)	4/16/2000 6:04:00 PM
From: keith massey	Read Replies (3) \| Respond to of 62348

Not to put too fine a point on it, but I think this is a futile effort. Not to put too fine a point on it, but I totally disagree with you!! What you have just said is that TA is next to useless in the short term and this is coming from an individual who preaches short term TA everyday. TA is all about probability, and if you can have the odds on your side when you make each trade, in the long run you always win. According to Friday's action I would say the most likely scenario for Monday morning is down but I am not arrogant enough to think I can perfectly predict the action, but the odds are on my side. However, I don't think I have enough data to make any predictions farther than Monday morning with any certainty, at least not odds good enough to play off of. What any smart player would do is map out all the major resistance and support point of the major leading stocks and indexes and pay close attention to volume and price action as we approach each point and play it accordingly. I am not positive what the market is going to do next week but I have a plan in place for most occassion and once I see a pattern forming I WILL play it, either short or long based on TA alone. The market is wounded. My opinion is "Fade the breakouts and sell the LT into rallies." This is the type of thing everyone and his dog were preaching on the threads last Oct as we were getting very close to the bottom. Anyone that stuck by what they said got their heads handed to them over next 5 months if they shorted or missed out on a lot of profit. I am not saying I am bullish on this market (or bearish) but have learned enough to know that I cannot predict the market IN THE LONG TERM and neither can anyone else. Best Regards KEITH

To: AllansAlias who wrote (35294)	4/17/2000 1:24:00 AM
From: seismic_guru	Respond to of 62348

Shit Allan not only are you one heck of a TA, your even up on the quantum physics....time to apply chaos theory in the markets next week and discover the fractal nature of tech stocks. SG :)

To: AllansAlias who wrote (35294)	4/17/2000 4:09:00 PM
From: AllansAlias	Read Replies (1) \| Respond to of 62348

Well done you full-steam daytraders. It is after-hours now and I just wanted to say well done. I am glad to see the rally begin. I complimented the Chief earlier about his clarity and his balls. I will strive to be as clear about mine. This is no time to be raining on the parade, but positionally speaking, I have not changed my mind. I will wait for my upside target and will fade it with puts and such. If I am wrong I will be poorer. --------- This post makes a fine point about moving out to wider views: Message 13438758 Again, kudos to the gutsy longs. Catch up with ya at the top. --Allan