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Strategies & Market Trends : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (1337)	4/30/2001 2:34:55 PM
From: TechTrader42	Read Replies (1) \| Respond to of 1471

It looks like you caught that rather nicely, if you shorted based on that chart. But: You've violated one of the rules of this thread, by using an intraday chart. You should be using a five-year chart to fully assess "the situation" of the market. In fact, Rip Van Winkle used 20-year charts, with much success. Market makers' shenanigans stand out in 5- and 20-year charts. In intraday charts, they're as hidden as Waldo. And what's more, you didn't wait for the market to close before looking at the chart! You're looking at a possible suspension from this thread, and you've just arrived. (Nice work!) And if you did make a successful trade, you've violated one of the thread's cardinal rules. On this thread, stocks would seem to go in the opposite direction of the predictions. Even when there are two opposite predictions -- one up and one down -- stocks manage to defy both. It's uncanny. (Perfect Trader Inc.'s staff parapsychologists are investigating.) The success rate of predictions on this thread may actually be negative. Even GE is not cooperating. I thought GE was a good brand -- reliable -- but today we may have to call in the Perfect Trader Inc. repairman, at least for those who went long.