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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: gem-x who wrote (38895)	7/8/2001 4:02:18 PM
From: exeric2	Respond to of 100058

I think e-wave stuff is interesting but is just as much subject to interpretation as any form of TA. I think the key to making money is to try to live in the moment, market wise, and most importantly to remain flexible. I was long after the previous dip on NDX and made money. I was really thinking at that time that we might be going off to the races. When it stalled out along with the technical indicators I closed out my position and reversed. If theres one thing to keep in mind it is that the market is diabolical. If you can think of the one way the market could sucker in the most people it would be that we retest the previous low, go up, and then reverse and go through previous lows. That would hurt the most people. No one is expecting that -- thus the path of least resistance. Just a theory. It's important to remember that the majority view always represents committed money -- that means money that is not available to further the drive in the direction the majority is betting on.