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

To: Robert Graham who wrote (27091)	1/6/2002 3:37:57 PM
From: Softechie	Respond to of 52237

Are you saying that bear market rally is based mostly from traders and unsuspected suckers?

To: Robert Graham who wrote (27091)	1/6/2002 3:38:59 PM
From: Robert Graham	Read Replies (3) \| Respond to of 52237

As an afterthought to my previous post, I am wondering if a trader's preoccupation with the longer term labels of "bull" or "bear" market is counterproductive, if not actually harmful to his profits in the market? By looking at price action and the patterns it provides the trader, the market will provide indications to the trader of future near term price behavior which a trader can base his decisions on. Labelling the market over a period of time categorizes what the trader is seeing into a "black and white" container. This does color the trader's perception and can get in the way of how the trader evaluates what he is seeing taking place in the market. Also there is implicitly a need to be "right" behind this labelling of the market. The trader will be proven right or wrong, and of course the trader wants to be proven to be correct. I think repeated failures in accurately characterizing the market in this way will actually undermine the trader's confidence in the market. The coloring of perception and emotional attachment this type of analysis provide the trader can lead to poor consequences in his trading. Perhaps this is a practice best to be avoided by the professional trader? Just a thought. :-) Bob Graham