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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: VikingWarrior who wrote (32597)8/27/2000 3:16:10 PM
From: James Strauss  Read Replies (2) | Respond to of 50167
 
Just a quick note to say thanks for your continuing survey of the "forest". It is greatly appreciated by many of us lurkers.

You're welcome VW...

I could be dead wrong, but the charts and interest rates common sense tells me that index prices are heading higher... This is not too popular with many of the technicians who must see high volume to confirm their analyses... While I'd like to see higher volume as index prices rise, I never lose sight of the fact that Price is the ultimate indicator... As long as price breaks through various trendlines, and stays above them, it's ok to be long... If I can pick up 10% in the Nasdaq index on high or low volume, I'll take it... The bottom line is that too much theory can get in the way of making money in the market... Follow the price and stick with the trend... : >

Jim