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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (59474)	5/13/2002 12:54:44 AM
From: stan_hughes	Respond to of 100058

bcrafty - As you may end up reading in a later post I made to Louis, I am acutely aware of the shortcomings of long term charts and the non-responsiveness of extended MA settings. It was really only an illustration that the Big Bear is alive and well and still trending, with the message being that traders should continue to approach and interpret market activity through the bearish filter. As someone on another thread (I forget who) recently put it, the roots to hell do not grow in a straight line and there are always opportunities to make long money in a falling market (witness last Wednesday). That said, we both know there's a big difference between a bear knowingly longing a bear rally, as opposed to a bull in a declining market trying to trade against the tape. About the ewave predictions, thanks for the link. I haven't paid much attention to Prechter over the years, although I was required to study his work circa 1980 when I was one of those dreadful retail brokers everyone loves to hate. At the time, I rejected Elliott Waves as being a bit "out there" in favor of FA legwork and traditional support and resistance theory. We didn't have PCs back then to do all the computations either - probably time to look at it again.