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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (38470)5/1/2003 6:59:41 AM
From: sun-tzu  Read Replies (1) | Respond to of 57110
 
The SPX is doing exactly what several people on this thread have expected

Yes, this thread is the best.

You are obviously bullish and have made it clear but have provided little to no technical content to support your position

I draw trendlines, support, resistance, wedges, triangles rectangles, etc. just like everyone else. This post...

Message 18900770

...provides volume and tactical analysis. I'm sorry that is not "salient" TA for your system. Obviously Jorj was aware of my point. He may not agree and I respect his point of view. Did I lose money on the BKX triple top...yes. Do I have more money riding on the BKX quad top...yes. Would I increase my wager if the top was a fifth...yes. That's trading 101 to me.

2 days ago you shifted your 5 digit DOW call to the Nasdaq in mid argument

I believe the 5 digit Dow "call" was Mullholland Drive's statement. I merely agreed with him. Besides, if the Naz is strong, sure I expect the Dow to move up as well.

Please let me know what is going to push the SPX and DOW through resistance levels

Do I look like a mind reader? A chart has no better answer to that question. It's all an educated guess in the end. For me, trading is a process of focusing on what's important and filtering out nonsense. Then, when you're wrong you take your lumps. When you're right, you let the profits run. As for my reasons, if you're really interested do a search on my posts. The info is there.

Regardless, the only people that I need to prove anything to are my wife and daughter. If that's not credible to you then so be it.

You seem straitforward and non-confrontational. I therefore must assume that my posts have offended you. Again, that was not intentional. My level of voracity reflects my degree of certainty, not any feelings regarding a lack of knowledge and insight on your part. It's meant to debate only.

My apologies