Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (8603)	9/22/2001 8:57:41 AM
From: Kapusta Kid	Read Replies (1) \| Respond to of 19219

I think it was John Murphy I saw who said that, during a Bear, an oversold market can just get more oversold. What does work, however, is when a Bear rally gets overbought. You can still determine when to sell your LONGS. Finding BUY points, however, is treacherous.

To: Square_Dealings who wrote (8603)	9/22/2001 10:05:29 AM
From: James F. Hopkins	Respond to of 19219

I guess what I'm trying to say is the way indexes work is not the same in all climates. What they represent is not always the real market but what a few select people want to project as the market. They never take into account the loss of money when companies fold they just slip in another company. ------------------------------------ I use some TA on them but not over any long stretch of time as the more you go back in time the less apples to apples you have. I'm convinced that long term historical data used for TA is misleading. Shorter term seems to work OK or at least fair, but there is no one answer or system that works all the time. In general indexes are enhanced & set up to project a better long term result than the market really produces. A lot of money that goes to money heaven is swept under the rug. Jim