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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (3746)	1/12/2005 8:09:58 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Yes, I can understand. It would be misleading to post the results after one day trading, since the charts/technicals predict movement over several sessions at least. One day is not a fair trial, and could be wildly misleading. Case in point, QQQQ now shows a clear buy signal from oversold levels, and most indicators are now lined up for a short-term rally. 139.142.147.218 There were a number of indications that this would occur today, and that yesterday's action was not indicative of the short-term trend. Market internals were clearly suggesting this to be the case, for example. IMHO the stocks in the scan that did not do well because of a momentary downswing of the market will, in all likelihood, show a much different picture in another day or two. If you concluded something from the results yesterday, you might end up being led to very wrong conclusions. So that's why I agree it is better to just let things sort themselves out over several sessions at least, or probably better, a week or so, then examine what happened. I think we'll learn a lot more that way. T