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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ams who wrote (16167)	7/12/2002 7:26:27 PM
From: Jon Tara	Respond to of 18137

Well, maybe you should explain just what you mean by "big, important Bear index pattern". When you speak a different language than everybody else, you need to at least provide a lexicon.

To: ams who wrote (16167)	7/13/2002 4:55:14 AM
From: Apakhabar	Respond to of 18137

ams, You're contributing to a decent argument; it's an interesting exchange you're having with TraderAlan. Don't muck it up by taking potshots at his book. And am I the only one here who is completely bored by the use of LOL in situations that just don't warrant either a laugh or an out-loud? What a cliche that little acronym has become. Personally I see a great many stocks are chugging along just fine right now (but you must wander away from tech...) and a broad-market rally seems imminent. But longer-term, our country is vulnerable to an even more serious terrorist attack, and I think the accounting scandal is only beginning to take root in the decision-making process (we've seen some spectacular crashes but now I expect to see a great many companies admitting not fraud on the Enron or World Com scale but just a slew of little fudges that wear away at investor confidence).

To: ams who wrote (16167)	7/13/2002 8:53:09 AM
From: ams	Read Replies (3) \| Respond to of 18137

Against my better judgment, I am posting these links for the sake of lurkers and novices who may find these helpful. Here are two more technicians that have noticed the mother of all Head and Shoulders Top formation: zealllc.com gannelliottwaver.com FWIW, I believe if we don't bounce back here soon (week), we will have a steep drop. Another 100+ on the S&P 500 seems likely. Any pullback, I think, will be weak relative to what we saw off the September 21 lows. Then it's down to never-never land. When I analyze long-term charts (patterns that take a year or more to develop), I use Fundamental Analysis to bolster my confidence that the charts are not deceiving me and place my long-term bets. Optimistically, I am guessing that a true bottom won't be reached for another 3 years. But my gut feel says 5-10 years is more likely. Below is an excellent essay on why we are on the verge of entering the Great Depression II. Future generations will be reading about us in school text books. For the sake of our children, I wish, in all sincerity, I am proven wrong. financialsense.com Good trading, ams