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To: j g cordes who wrote (41878)4/29/1998 9:08:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
then I disagree with you

being down 2 S&P futures a couple of hours before the market opens to down over 16 right before the market opens because of a Wall Street Journal article is chaos (not to mention there were reports of the same thing the previous week- so it was nothing new)..

this market is news driven right now with schizophrenic tendencies...

you may see order in terms of support & resistance lines...

but Friday, did you see a drop like we had Monday morning coming?



To: j g cordes who wrote (41878)4/29/1998 9:51:00 PM
From: Byram  Read Replies (1) | Respond to of 58727
 
JG
I am glad you were right.....By the way...the way you post that I assume you thought I was sarcastic... So I ignored your reply - Obviously you misunderstood me....But the point being since I wasn't sure I hedged both ways and with that lucky drop on the end I'll make out very well......
But, like most folks on these threads that see a "Rally tommorrow, Buy XXX it's gonna BLOW $10.00, or 5000 pt drop next week" I will first ask that person why he/she thinks that their statement has basis.
ie:
What makes you think it has to have any more of a rally??

If they give me no answer - I tend to blow-off any comments that they might say...
Personally my reasons for using SI and others is to get other people's opinions and compare their's to mine. If, in fact, that person can present a theory, fact or some sort of idea that presents a thought I will thank them - and either agree or disagree and act according to my opinion, TA, or other data...

So, In the long run...after too many words I will apologise if you thought I was mocking you - But if you make statements and have folks ask you for your reasons - I would think you would like to share that.

Good Trading to you,
Byram