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

To: ajtj99 who wrote (26776)	1/1/2002 10:32:01 PM
From: isopatch	Read Replies (1) \| Respond to of 52237

Thanks ajtj99. Appreciate the kind words. I'm far from a perma bull and been in a very high cash position for extended periods this year and last. But after reading several other threads tonight, still looks like just too many skeptics, bears & shorts for this to be an Intermediate Term top, yet. Most important to my own current portfolio weighting, I see a contrarian profit run signaled by the considerable pessimism I see among posters on most of the important energy threads on SI. That interesting piece on the P/C ratio by McMillan just gives more support to my own read that we get maybe a few days of downside to get the bears even more emotionally and financially committed. Then sideways to up with Oil & Gas and Oil Service sectors leading the rest of the market the next 4-8 weeks. Nobody can really predict these things. But unlike some of the dominant posters on this board, I've found it more profitable to base my trading on a working hypothesis or "read". And if the market decides to do otherwise I'm nimble and flexible enough to be stopped out of the positions. Notice a lot of the most prolific posters on some of these web threads seem concerned enough about making incorrect "predictions" that they post a lot, but seem to trade very little. The best professional investor/trader I ever knew (my former mentor) used to say, "I'm making mistakes every day". But, I saw the brokerage statements and watched this guy run slightly over a million dollars to 2.3 million in one year!! All JMVVHO. Have you noticed anything similar among web posters on various threads? Isopatch