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

To: Killswitch who wrote (13560)	7/19/2002 8:59:34 AM
From: macavity	Read Replies (1) \| Respond to of 19219

Failed signals! The first law of the market is: Not everyone can be right! This is usually interpreted (wrongly) as the majority are wrong. Once TA signs are common knowledge or over-watched they are a lot weaker, or have too fail. If CNBC say $SPX H&S leading to 500, then you have to go out there and shovel the stock into your cart! Alan Farley on TSC considers the $SPX H&S as short-term bullish. I think this is what he alludes to. It is a 5 yr pattern - surely a 3-6 mth rally wont change the grand scheme of things. Yes, I am talking my book. Long QQQ -macavity