To: dennis michael patterson who wrote (6935 ) 5/3/2001 4:23:47 PM From: American Spirit Read Replies (1) | Respond to of 52237 Did your analytic tools predict the last three weeks of rallying? If so please explain and show us how to do it. I have one main tool and it's called a brain. I also look at charts and balance sheets and am naturally good with numbers. Though it's hardly a perfect science. Nothing is. I could care less if you're long, short, fibonacchi or macaroni. If you don't like my posts skip them. No one forces you to read. I just had a PM which insults you so you're not that popular either. But we all have the right to be loud-mouths here if we please. So post away. It's now very important for me (and others) going into fed cut week to try and buy in at the last tech profit-taking lows. I actually welcomed the bad news today and hope we have another down day tomorrow since I held off buying today. Short-term trades from the next lows (if it wasn't today) could be nicely profitable. Fibonacci numbers don't take into account news, weather, fed cuts, politics, current events, energy crises, earnings reports, deals, cash vs. market cap, hot products or anything else the brain and mass consciousness can soak up. That is the facts which really drive the market. But if you want to use those systems go ahead. Just don't insult people who don't use them. Whatever works for you. Just remember if there were any fool-proof way of analyzing stocks everyone would be doing it and we'd all be perfect traders. In fact 90% of investors got caught short or in cash 3 weeks ago and many analytical types among them. You included probably. I have a plan and I'm sticking to it. I expect profit-taking days and even welcome them to try and time new buys. So far so good. Still bullish and expecting that fed cut to be the biggest catalyst of the month. And why wouldn't it be?