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To: SwampDogg who wrote (89709)1/19/2004 8:18:30 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Fuddle -- you're right that things like AMZN are where they were months ago. I guess the questions we have to answer then is: did AMZN just have a 3 month consolidation on it recent highs or is AMZN about to set a lower high and tank anew?

We all know there is no FA argument for AMZN here. So it boils down to how you look at the chat. Bulls see a 2 month+ wedgy decline on AMZN, and that means it goes higher. Bears see... what on the chart? You tell me.

the freep



To: SwampDogg who wrote (89709)1/19/2004 8:50:27 PM
From: ajtj99  Read Replies (2) | Respond to of 209892
 
Uh, care to explain the BTK breakout? Higher high than the June 2003 high. My wife was telling me the stages of grief the other day -

Denial
Anger/Blame
Bargaining
Acceptance

This market is about getting from step 1 to step 4, IMO. Most people have a hard time believing this because they are thinking rationally. You must think irrationally to succeed in this market, but remain cautious, IMO.


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