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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: TraderWithNoName who wrote (25477)	8/15/2002 10:10:18 AM
From: TraderWithNoName	Read Replies (2) \| Respond to of 39683

OEX: Up against the 49 day ema-check other charts .

To: TraderWithNoName who wrote (25477)	8/15/2002 10:26:42 AM
From: MeDroogies	Read Replies (1) \| Respond to of 39683

LOL, true. I'm sitting out this market now, licking my wounds and waiting to see what the trend is. It still isn't apparent. Several analysts (independent ones, who I tend to trust more) have mentioned they think this is a very broad bull situation which will run against technicals. I didn't think so when I first read that 2 days ago, I still thought the technicals called for a short reversal. I just didn't count on one THAT short. I believe the market is now in a very broad bullish situation, but I think it needs to define itself before I play with it again. There is still alot of uncertainty built in here...but the market climbs a wall of worry. Could be time to go long again.