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


To: Oral Roberts who wrote (26681)12/28/2001 4:23:53 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
The note on shorting GE wasn't intended to be that hilarious, Jeff. Granted, in hindsight, it might turn out to be uproariously funny. From the dust jacket of my latest TA book, "The Farcical Trader" ($199.99, Wily Publishers, Inc.): "How could anyone be so wrong so often?"

But I always revise my predictions in hindsight. As Groucho, a famed technical analyst, said, "Those are my predictions for the market. If you don't like them, I have others."

I see the Dow managed to end up up today. (Interesting turn of phrase.) I just can't believe I've been fighting the tape for so long (about a day, I reckon). I capitulate!!! The Dow's up 5 points! I surrender. To quote Groucho again: Perma-bear club: "Please accept my resignation. I don't care to belong to any club that would have me as a member."

Why such a pathetically weak, indecisive day on such supposedly strong economic data? Because the market is overbought.

Speaking of justice, here's a Groucho quote that's somewhat timely: "Military justice is to justice what military music is to music."

Last word on the bullish take on the market: "Reality has left the building."