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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: pls418 who wrote (12728)	3/5/2002 3:13:04 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Steve, several of us talked about the NASDAQ trading within a falling trading channel. Several of us spoke about watching for breakouts and not to be short breakouts. We spoke about different technical indicators that would confirm a market turn and we spoke about support and resistance. I recall talking about the markets being at a crossroad and to watch for confirmation the market was heading higher. We received that confirmation. Some of the picks that were mentioned during these discussions were HAL and HC, up over 50% in a matter of days. PVN was up over 90% within two weeks. RAD up over 50% in a matter of days. We had several other calls with over 20% moves in one day, over the past few weeks. The most recent discussion happened to be over whether PGO had hit a bottom or not. If it had, consensus is it will show a 100% return or better over the next year. We didn't time your tech stocks, we timed out own picks, and our own picks have been having those type of returns over the past few months. You mentioned, >> I believe we have made a major turn in the market and no one called it and no one is talking about it. << What's to talk about? I've been mentioning all along, trade what you see, not what you think. To try and pick market direction is to form an opinion. To form an opinion is to close your mind to what the market is trying to tell us. It's better to keep our eyes open instead of our mouth. <lol> Watch the charts, are the stocks that showed those big gains yesterday confirming the uptrend, or are they giving back their gains? If they're giving back their gains, and nobody has taken those profits, what's the sense in talking about yesterday's big move? I mentioned yesterday that it was safe to assume everybody had a good day so let's dispense with the rhetoric and focus on the follow through. The focus was and is on looking forward. Of course those who were holding on to stocks in hopes of finally realizing a gain are certainly welcome to hoot and holler and celebrate. We'll participate in that celebration. Congratulations on your day yesterday. I hope you have many more like it. dabum