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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (103980)6/23/2000 1:45:00 PM
From: bobby is sleepless in seattle  Respond to of 120523
 
Connor..on the daytrading fundamental thread, dialogue has been shared recently of TA, it's value with the advent of the internet....does it still work?

talk surrounded wedges, triangles, this n that...has TA changed?, perhaps evolved?

my spin on this...a self fulfilling propecy, the more folks we have on the bandwagon, the more lemmings, so looking at certain levels in the very near future may take somemwhat more of an artistical flavor to outsmart the guy next to us.

Trader Alan says a protential to fade as an alternative, possibly so, me thinks with the charts, with the crowd...until proven otherwise.

I firmly believe, however, the bigger charts tells us where we have a meeting of the minds, whether it be for comfort, a timing issue with the mechanics of the day having certain patterns, whatever, they are there for us to interpret...and most transcend to the individual stocks...maybe the big boys who control the on/off switches do the same, at least it seems so as the TECH market seems to be in harmony, once in awhile throwing a sour note.

by definition, we are now oscillating back and forth as a bear/bull market...the 20% thing, currently bear. where tomorrow will take us, not so sure tho my slant is maintained at half full viewing...

thanx for the reading.