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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (35519)5/24/2000 12:46:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 43080
 
The market's crumbling? Just broke my SPX 1368 level....I assume 1350 will hold unless the China trade deal is not approved.



To: tom pope who wrote (35519)5/24/2000 1:36:00 PM
From: John J H Kim  Read Replies (2) | Respond to of 43080
 
I think it's a contrarian thing...meaning it would assume that the individuals are usually wrong in their timing. So if we see massive buying, it is near a top, if there is massive selling, then it is near a bottom.

But like anything, it is merely a PIECE of a puzzle...if it fits in with the other pieces, it works, if it doesn't then don't give much credence to it.