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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (5052)	10/18/2000 1:12:17 AM
From: Joseph Silent	Respond to of 19219

Bobby .... Sorry .... I just noticed your "no philosophy" qualification. :) I rambled .... not philosophy, just my perennial dilemma. Joseph :)

To: Joseph Silent who wrote (5052)	10/18/2000 1:36:52 AM
From: bobby beara	Read Replies (1) \| Respond to of 19219

joseph, there are no crystal ballz, t/a's try to base future events on past history and use indicators to give probabilities, >>who is this "we" that defines things ...>>>> that is the investing public who sezs their bullish or bearish and shows up in put/calls and rydex # contrary opinion is no holy grail, just like any other indicator, because the market is a changing breathing organism and levels that worked during one kind of market don't work as the trend changes. that is all up to interpretation and a certain amount of luck. don wollanchuk has been a perma-bull and in the top timer list and at the top a lot during the last several years, however if we would go into a 10 year bear market u might find somebody like lucretious at the top of jim schmiddt's list. calling the market is a combo of luck and indicators. it's really just a horse race we are all trying to handicap. b