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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (5688)	2/13/2001 2:44:00 PM
From: Teresa Lo	Read Replies (4) \| Respond to of 8925

On Dogma... The problem with human psychology is that it is always filled with doubt, while the inner struggle between greed and fear takes place. Of course, there is no shortage of those who would profess to be leaders - and they can't win followers unless they look strong, fearless and certain. This is the problem. Paul and Don from Stock Attack have now entrenched themselves into this position 110% (that there is absolutely no rising wedge on the Nasdaq 100 daily chart) and in addition, have publicly put down those who thought otherwise to the point that Chris needed to start Stock Attack II on a moderated basis; therefore, they have allowed no room to back out, and if they are proven wrong, (from the chart, it is very close to The End) they will fall on their swords and their followers will have to either ignore it or find another leader. Even if it makes a higher low here, our observations are still valid, as this is a test, and tests have varied outcomes: success, failure or indeterminate. ispeculator.com On the other hand, you have people like me and Mike Watkins, who tell you that the market is uncertain, and therefore you have to be prepared to admit defeat immediately when proven wrong by price action. We introduce the uncomfortable, the dreadful idea that *uncertainty is a fact of market life*, and this is not acceptable to most, since they need to know the future. They need to know that their profit is guaranteed. They need to know absolutely, rather than accept the fact that all of life, in the big, big picture, is based on probability. They would rather follow someone to The End, on their way to the Promised Land.