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

To: Chris who wrote (31908)	3/9/2002 11:15:40 AM
From: Chris	Read Replies (1) \| Respond to of 52237

people are debating the following: a) is this still a bear market? b) double dip recession? c) did we even have a recession? d) is japan going to recover? e) valuation tOo high? f) interest rates going up later on? bottom line: if you are trader, those above things dont even matter. As a trader, you are looking price action.. You make money only if you played the price action correctly. Answering the above questions correctly might show your brilliance, but does not necessarily mean you will make money... Now, for the long term investor, those above factors play a more important role in how you allocate your portfolio. --- The main question to you is: ARE YOU A TRADER? ARE YOU A INVESTOR? MAYBE YOU CAN DO BOTH?

To: Chris who wrote (31908)	3/9/2002 12:02:39 PM
From: Susan G	Respond to of 52237

excellent post Chris...

To: Chris who wrote (31908)	3/9/2002 1:26:50 PM
From: HairBall	Read Replies (1) \| Respond to of 52237

There are no pro's, only folks that THINK they are pros. The market humbles all that trade it, some or just to arrogant or insecure to admit it or they don’t really trade the markets. Technical analysis as with any other analysis is an imperfect guide. A method that varies greatly in success depending on the tools one chooses to use and with one's ability to use those chosen tools. Thus, we see various levels of competence, but there are no pros or gurus. Having a Plan A and a Plan B before one enters a trade is "a must". I've been preaching that for years. Having "too" much faith in a single indicator is "a no no". I've been preaching that for years. Listening too much to those that would preach on online financial boards is “not good” either, which presents a conundrum I suppose with this post. Just some food for thought... Regards, LG

To: Chris who wrote (31908)	3/9/2002 1:31:31 PM
From: j g cordes	Respond to of 52237

re guessing at next weeks action.. "Resistance, or the area where sellers are expected to emerge, is at 1,950 on the Nasdaq, 1,175 on the S&P, and 10,680 on the Dow, according to Schaeffer's Investment Research. Support, or the area where investors swoop in to buy stocks after a sell-off, is at 1,850 for the Nasdaq, 1,140 for the S&P 500, and 10,425 for the Dow, Schaeffer's said. "

To: Chris who wrote (31908)	3/9/2002 5:49:14 PM
From: TraderXx	Respond to of 52237

Chris..just wanted to let you know that I find your posts to be very informative for traders. If only more would really pay attention to the points you make in "trading" this market, they could be much more profitable and successful. Problem is that through many posts I read on SI, it shocks me how emotional and irrational many posters trade or "invest" (gg)) this market. Maybe you should spread some of your wisdom to the guys on the Zeev thread?? Some of the posts there are just too funny (and painful) to read. <<gg>> Good luck, TraderXx