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

To: ahhaha who wrote (12442)	5/29/2002 2:35:56 AM
From: macavity	Respond to of 19219

What are you smoking? CSCO at 25? Have you not read the good book? *"Man cannot live by Divergence alone, but by the Work of Price Action".* There have been so many bullish divergences that I give up worrying about them. This is a bear market. Still I agree it pays to pay attention, I just would not act on it. The Stock Market is always wrong. I actually agree but this is like saying that a bicycle is never at equilibrium. - Technically correct, but not a lot of use. Money Flow - There is still a lot of stock out there especially from a company like CSCO that went on a multi-year stock-fuelled crazy acquisition binge. But despite disagreeing with everything you have said, I will admit to being Long (small, but still long). The market over the past 5 days has been in a perfect spot (IMO), to have rallied. It has not! That says amples about either the market, or my technical skills. With the $SPX forming new (5-d)lows, and the Financials - breaking down ($BKX), or breaking down from breakout ($BIX). I will not be a stubborn bull. Good luck! Long QQQ -macavity

To: ahhaha who wrote (12442)	5/29/2002 3:58:14 AM
From: marginnayan	Respond to of 19219

It will be driven by the $trillions held short by 6000 hedge funds trying to avoid disaster. Do the hedgies fall into public category ? The big boys first did transfer of wealth from pension funds and buy-and-hold mantra mutual funds (J6P) to the big boys. Now after leaving everybody (mostly J6P) high and dry, the next logical stop of wealth transfer for the big boys are the hedgies ( people who control 70 % of this country's wealth). I do not know who will be available for the third round, may be the foreigners and sheikhs.

To: ahhaha who wrote (12442)	5/29/2002 7:36:46 AM
From: re3	Read Replies (1) \| Respond to of 19219

<<<You have to be long, and hold, and suffer, to be worthy and to make money. are you referring to gold and the related 'bugs' ?