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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Sojourner Smith who wrote (4250)9/19/2002 10:53:34 AM
From: Smiling Bob  Read Replies (2) | Respond to of 19256
 
Indicators would probably throw me off more than help
I do nothing more than glance at charts of various time periods and look for trading ranges and trends. Then combine that with news, sentiment, and other psychological influences and guess as to where something is headed.
8000 was DOW support. That will be broken today or tomorrow.
Right now we're seeing bad piled on top of bad with no end in sight. We also have seen droves of $$ and investors run from the market, much getting locked up in overpriced real estate. The economy getting much worse before it gets better. War on the horizon. Brokers/investment houses just beginning to feel the pain as their names get dragged through the mud
The trend is down
Feel free to post what you see and I'll gladly offer my reaction
DOW 8044 now