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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (6195)	4/14/2008 11:54:03 AM
From: Galirayo	Read Replies (2) \| Respond to of 41571

LOL .. Thanks .. He's a wild dude. Did you notice his propreitry Moving Average looks a lot like the 89MA. QID looks like solid support here .. stockcharts.com GLD on the 13ema and confirming a Doji so far today. stockcharts.com TXN is breaking down a bit. Start counting crows. stockcharts.com SPX the lagging indicators are Rolling over .. MACD ready to cross the Zero Line. stockcharts.com

To: Moominoid who wrote (6195)	4/14/2008 7:02:03 PM
From: skinowski	Respond to of 41571

Oscar keeps repeating the same thing, which gets boring, but he's making a good point. The fact of the matter is that the action has been down for a long time already. Catching reversals is cool, but - in my experience - it's nice and works well on those occasions when it "falls" into your lap. Like, in the fall of 2002 it felt like the world and the markets were about to fall apart - while in reality the decline had slowed to a crawl. The sentiment was out of proportion to reality. Or, sometimes you get a nice toping or bottoming formation. But - if it becomes hard work, or when the sentiment remains neutral, then the game is not worth the candles. Better to be patient and to wait for clarity. Or, trade very short term.