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

To: JRI who wrote (34701)	3/21/2002 9:26:33 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

JRI, I think your 1793 will come either next week or the week after, rather than this week We're too oversold on the 15-minute and hourly stochastics, and pretty much oversold on the daily. If the naz is up today, I bet the next down day will be Monday. I note that no significant economic numbers are coming out tomorrow. As far as this whole contrarian idea ("if so-and-so is going long, then I'm going short") is concerned I have not been able to discern any reliable pattern with AAII, Ameritraders, Rydex or anything else. Therefore I've pretty much thrown that factor out the window. I am wondering if its not unlike the VIX, being really useful only at extremes. If anybody else has discovered a halfway reliable method to the madness of the contrarian indicator of others' investing styles, please post your findings. Instead I'm just following trendlines, moving average crossovers, volume, and normal time-tested TA chart patterns.