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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (4341)	5/5/2002 6:39:31 PM
From: re3	Respond to of 24758

a guy i know emailed me today...he says he's gonna buy 10k shares of a broken down (but probably up 2 or 3 x the low) old gold stock...he's never bought gold b/4, even when i mention that gates has some paas, he says 'oh, no, gold again?' now he says he's a converted gold bug...i think he's buying at a near term top, bwdik...

To: ahhaha who wrote (4341)	5/5/2002 11:47:39 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 24758

I admit that I was careless in my use of tenses. I'm usually pretty good at my grammar. Thanks for the info. My friend Bill O'Neil invented this term for a bullish formation which can't be applied to the evolution of state on the downside. Since Bill O'Neil didn't name it, the formation cannot be construed as negative? Want to invent a name for it so those of us who ovserve the phenomena so you have context the next time I indentify it? Because what you can't see is that every trade money flow has diverged substantially upward from price. Money flow is the first measure to change direction. Damn boy, you look at every trade? You must have a lot of time up in there in that shack in Montana. How about this explanation? Money flow is but one indicator - not to viewed in isloation. It should be used in conjunction with the chart, something which you are obviously not doing, because...money flow on JDSU is still very negative albeit less than say 2 years ago. But that's irrelevant because the stock price is less and the stock is actually trading less volume. As long as money flow is negative on JDSU it will keep going down in the long run, point blank. There can be no hint of forming a bottom until money flow crosses the 0 line definitively, even then, I would need to look at the chart for verification. Trying to find causal connections between economic quantities is only justified to some small extent on the macroeconomic level. Finding correlated action won't necessitate that the correlation will continue. LOL, now that's funny. You've just shot down technical analysis, that which this whole debate is founded on, in one sweet sentence. My you are full of shit aren't you? Making vague generalities like this wouldn't get you a BA in my econ department. I skipped the night time program, sorry.