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 : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2966)	7/1/2002 4:54:40 PM
From: Jeff	Read Replies (3) \| Respond to of 30712

Well, I have been trying to see what you are talking about with the retrace and perhaps I am being to much of a perfectionist. i really don't know why folks can't see this for what it is... its a general guide....you know its going down....its a position traders dream come true.... daytraders or a perfectionist are missing some of the easiest money a bear market gives... all you have to do is see the tops....and see the the bottom area's....and get ready for them to hit....when they do...study the day charts to see if the tops are shorts...and the bottom area's are ready for a bounce.... i showed the retrace to folks back a few months ago....they still try to over analyze it and are missing some great position trade points.... they suffer from over-analysis paralysis..... the retrace has the answers....and they still try to fight it....oh well.... for two weeks i talked about what will happen when that 1500 is broken....and when it can't trade above it anymore...a new low trading range will form...here we are...yet they still think rally to high 1500's..... last week they thought we had a bottom....and a few up days they get all excited....and it was all window dressing and they had no clue it was coming....yet i talked about it for a few weeks before hand when everybody had june 28th as a low....i said no way...its a high...its window dressing.....and when midnight hits on june 28th the cinderella stocks turn ugly again.... well....i just made out like a bandit today thanks to cinderella and the retrace..... the retrace beats all ego minded guru's who can't see the simple answer right in front of their face....<ggg> what else can i say.....everybody on this thread has the answer right in front of them....but when they go off and listen to the other guru's....they create doubt in their mind and try to over analyze the retrace and miss the obvious..... again....oh well