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

To: John Pitera who wrote (31618)	3/6/2002 12:50:03 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Yes, I think I'm beginning to realize that it's too easy to look back in hindsight when it's up or down and say I told you so. It's a never-ending game. MACD is giving sell signals on it today, with short-term and longer-term periods. Shorter term, there's a 0 crossover coming up. Longer term, the histogram is turning down from an extremely overbought level. Stochastics is preparing to cross under 70, too. Am I confident it will go down? No. Would I speculate that it'll go down? Yes. When it comes to speculating on the direction of the market and trading confidently, it's my view that confidence should come from knowing one's prepared to exit the trade if the market moves against it, not from confidence that one knows which way the market will go. No one knows which way the market will go.