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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (31399)	2/16/2002 3:41:31 PM
From: Clappy	Read Replies (1) \| Respond to of 209892

bcrafty, Thanks for posting that article. I had not realized: <snip> As we've explained on many occasions in the past, the commercials tend to be right at important turning points and tend to be wrong the remainder of the time. Speculators, on the other hand, usually follow the price trend and therefore tend to be right as long as the trend remains intact, but will be wrong when a trend change occurs. Those who claim that the commercials are usually right simply because they tend to be on the right side of the market when a trend change eventually occurs are effectively making the argument that a downward trend is bullish because it will eventually be followed by an upward trend (or that an upward trend is bearish because it will eventually be followed by a downward trend). </snip>