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 : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (18373)	8/17/2002 5:08:57 PM
From: LemonHead	Respond to of 18928

Hi Tom, new Mid-Cap watch list as of 7/31/02. siliconinvestor.com Just a few ticker's amongst friends. Keith

To: OldAIMGuy who wrote (18373)	8/18/2002 1:10:00 PM
From: Simon	Read Replies (1) \| Respond to of 18928

Hi Tom: I'm not sure what AIM investing is, although I may have forgotten. I have read several books on mkt psychology and have formed my own style. 1. I have 2 sheets of papers I read daily to keep my brain honed to reality. Kind of like a refresher sheet from the "Top Gun School". I have found that watching CNBC clutters the brain to a certain extent. My "preflight" check list snaps me back to reality. This I call "mental preparation". 2. I have found 15/16 chart patterns that occur over and over and are extremely reliable. I have talked to 3 head of technical analysis at large brokerage companies and have been almost tossed out. Except for one who only wanted to talk about his sex life as a NY life guard....GEEEZ.... I have concluded brokerage firms either don't care or make a lot of money being "dishonest". As to charts. Take SI chart of the S&P500. Using a 250 scale of time on a weekly (I think) or a daily basis, look at the pattern developed over 12 months ending in Oct. 2000. It resembles what I call a cow horn pattern. It was a definite signal that the bull market was over. These horns occur over and over. Small horns indicate a smaller retracement, but the 12 month horn of the S&P500 took a year to develope and signaled a bear market. Actually it was the head of a H&S pattern. The head of the Dow was the long extended trading range of the last 2 years(?) take a look. When the market really reacted 6 weeks (?) ago was when the Dow broke through the neck line of the H&S pattern. Next I assume the market will go back up to the neck line and break again. For whatever reason, the break at that point should be a real doozie. On the horizon, a war with Iraq could be the reason???????? After working with chart patterns, I found that a daily review of my "top gun" reality check bring me back into focus and forces me to trade patterns. As far as the Analyst shooting their mouth off. I find that their advice and a buck will buy U a cup of coffee. Simon