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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (420)	2/17/2001 3:36:45 PM
From: eddieww	Respond to of 52237

Joseph: My admittedly anecdotal perception is that most of the "active" j6p traders that haven't gone broke use TA heavily. The big trading houses hire and train the best TA people in the world and spend millions developing proprietary TA tools far better than I can get from Metastock or IQcharts. They know what we are thinking, and their behavioural models predict, with pretty good accuracy, what our reactions will be to various events. I believe it would be very naive to think that they don't "game" us to pull $$ from our pockets into theirs. I have a very jaundiced view of sentiment indicators such as AAII. They know that we're watching those sorts of things. I am increasingly disbelieving Rydex and COT for the same reasons.