Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (12126)	5/8/2002 9:59:21 AM
From: marginmike	Read Replies (2) \| Respond to of 19219

I dont think this sticks JT, admitingly I am short but a blast up like this stinks of bear rallies. I would like to see the whole move retraced and a slow grind back up to take place instead to believe this is sustainable. So far not impressed. I dont feel strongly enough to take a position, but I believe this is similear to DOW action of last week where for two days it went up the splat back to where it started.

To: J.T. who wrote (12126)	5/8/2002 11:50:55 AM
From: nsumir81	Respond to of 19219

The 'Bull' is back yet again. Hence the Bear continues.

To: J.T. who wrote (12126)	5/8/2002 12:14:07 PM
From: nsumir81	Read Replies (2) \| Respond to of 19219

Gmorn again. Fake maybe, Just like March & April and.. several before. Making money i.e. being up for some period when calling the overall trend wrong is not necessarily tantamount to calling the market right LONGER TERM. Those are two different things. I will commend you for the former but not the latter. And to be trading funds (not stocks on margin or options with limited timeframes) where one can (I am assuming) sit in indefinitely, can give one the luxury to afford very long-term positioning even when they (the positions) run against the desired direction. And afford the luxury of continual calling for rallies (if long) until eventually time gets it right. And afford the luxury of diminished pressure which influences one's reasoning and thoughts. Interspersed in a long downtrend such as this one for 2 years now, we keep getting bear rallies and the longer one calls for them, eventually they will be 'right' at some point. For a few days/weeks. All a matter of TIME and statistics..eventually. Some folks even issue targets because that is what they want to see for their trading positions. Most often they short-term trade and sometimes even daytrade, but when things go against them, they revert to relatively longer-term position trades, unyielding to the incorrectness of their original stance. Sometimes they focus on equity put-call ratios when the overall appears unsupportive of their thesis, but then they revert to the index and state that the equity put-call ratios does not have enough value as indicators. What this means is that we all are human and are guilty of the same errors (of course, this goes without saying) and tend to emphasize whatever is our bias directed to i.e. trading position (long or short and on what security). Me included. I am trying myself very hard to be unbiased (regardless of the volume of my posts elsewhere). It is difficult. Don't get me wrong. I still value and like some of your observations. FWIW I will still monitor this board and post when I can. Nothing has changed there. We will see.