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

To: Roebear who wrote (22571)	10/25/2001 6:11:53 PM
From: TechTrader42	Respond to of 52237

I felt like singing "Amazing Grace," too, because in actual fact, all my recent sell signals turned out in hindsight to be buy signals. It's a miracle! As I often tell TA novitiates, absolutely anything is possible in hindsight. Heck, I can prove it with optimized back tests on all my favorite indicators. While it is true that I may have affirmed in my trading chatrooms this morning that my sell signals were indeed prescient sell signals, I was really signaling that there were lots of good buying opportunities out there. Now let's see. Am I long or short? I forget. I'll let you know tomorrow after I get a sense of where the market's heading. But seriously, we're basking in complacency now. So many people switched their bets this afternoon. Even some longtime shorters are saying they're seeing some tentative buy signals. Given their recent gloomy notes on the economy -- in fact, given the gloomy economy (never mind recent notes) -- it's hard to figure how they arrived at this remarkable conclusion. My guess is that it has a whole lot to do with sentiment. Sentiment seems to affect everyone somehow. A curious phenomenon. ST Naz CI: 100.000 MT Naz CI: 100.000 LT Naz CI: 71.669 ST S&P CI: 97.561 MT S&P CI: 97.561 LT S&P CI: 70.040