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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (12386)1/31/2002 5:22:50 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 23786
 
I just don't see the type of behavior that suggests a trading range (unless it is a really big trading range with wild swings). The mania personality is still in the market, that means that we will have wild swings in both directions. And like you, I think it will be a downward bias.

Using the contrarian indicator logic, I think this means that it is safe to go long now:-)



To: MulhollandDrive who wrote (12386)1/31/2002 5:23:47 PM
From: Lazarus_Long  Respond to of 23786
 
TV news last night said family income in the San Francisco Bay Area (largely Silicon Valley) has contracted 2.5% in the last year. Not good news for either the local or national economies.

And the SJ Murky News (well, actually, San Jose Mercury News) is running a week-long series on current life at a startup. Back in the dotcom boom, working at startups apparently was pretty much like a normal job. Now it's back to the Good Old Days- -you live your job and what's a family, anyway?

They mentioned something I remember from my startup days. You bust your brain for hours on a problem, give up in disgust (at the end of a twelve or thirteen hour day), head out to your car to go home, and as you open the car door- -THE SOLUTION HITS YOU! So you rush back in to try it out.