To: Jerry Olson who wrote (32412 ) 8/9/2000 8:25:08 PM From: PMG Read Replies (1) | Respond to of 50167 OJ, thanks for commenting on it... I just wanted to contrast these two well thought streams of reasoning. I was also seeing indices pierce resistance. In context of the good news, I put it as a 'bearish divergence' because I needed an explaination why it didn't just rocket with so much sorrows fading away. I trade Sep 15 Call and Put Options on the NDX and there is always not much time in which market should move the direction I expect. What has really fascinated me the recent days was that so many experienced traders came to different conclusions with last days action that I hoped to find a resolution of the story you wrote and mine. Not to talk about the cycle guys who see 2200 on NDX which I think is just as inprobale as 4600 or so. I am just looking for ways to find the right conclusions. Should I try to develop a system in which I give credit points to a list of 20 aspects I could consider? Or should I use a softer 'fuzzy' feeling of everything I recognize? Or should I find these support and resistance levels that make direction quiet obvious if taken, like Ike seems to do it? Ike, how to you weight things to come to a decision with a good risk/reward ratio? If I want to draw a bigger picture, these are some things that come to my mind: - the concepts of valuation for tech/growth companies are still very unclear, at least for most stock buyers who don't have to be as prudent as a venture capital firm (maybe the stock just climbs). - can increased productivity be the reason to make markets overperform in way unique in history (many inventions revolutionized productivty!) - the markets DO outperform their average historical risk/return ratio - I'm sure we whitness a techological and social (and maybe philosophical) revolution taking place right now. (Does this is a market economy have necesserily unique effects on sustainable profits? (industrial economics!) As the trend is not up or down clearly, I think these are questions that matter. The markets need an answer, what is the question? I don't think it's elections. I have taken a year of time, to try to learn how to trade to make sustainable profits so that I can do it for a living if I succeed. I started trading with 16 and I am 28 right now. Well I try to learn and I look for input and I how I will somehow be able to sort out right form wrong ideas...People like you and Ike who seem to be successful for years now encourage me and I hope you do the moderation of that website for fun, not for spare-income;-). (This would REALLY discourage me). I'll have a look at it anyway... thanks & greetings to all PMG