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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Walkbarr who wrote (88239)	12/23/2003 7:20:50 PM
From: JRI	Read Replies (1) \| Respond to of 209892

(Market makes the majority wrong every time) Disagree. At big turns, yes. But there is often a fat middle (think about late 90s) where it pays to be with majority (trend is friend, blah/blah). Bet against, and lose your (considerable) assets. Can last a while, long while. Ask any ol' bear that tried shorting at that time. Actually, ask any ol' bear who tried shorting lately...

To: Walkbarr who wrote (88239)	12/23/2003 7:38:01 PM
From: AllansAlias	Respond to of 209892

Too true. I am not as avid a reader as I used to be, so I never noticed someone new... welcome to the thread David.

To: Walkbarr who wrote (88239)	12/23/2003 8:53:18 PM
From: ajtj99	Read Replies (3) \| Respond to of 209892

Well, TA like this helps us keep our emotions in check while still enabling us to make a profit. Dow daily: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li14,3!lh14,3!lp14,3,3!ll14!lb5][j6733350,y]&listNum=1 Note the channel breakout. If that holds, long with a moving stop is a decent play. Likewise, the rising channel is a good gauge for selling and buying. Since this is a mania, and by definition manias are irrational, doing something rational like selling when everyone says buy may be correct over the long run, but it can cause lots of pain in the short run. I believe a cautious irrational approach is the best way to play this market right now. Irrational - meaning this is a market at insane levels, but hell, I'll buy it anyway. Cautious - meaning set a stop to keep you from losing on that buy, and moving up the stop as profits accumulate to lock in those gains. Anyway, good to have a new poster here! Welcome!