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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Teri Stephenson who wrote (16430)	6/8/1998 1:07:00 AM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 69002

Teri, re I don't know how necessary this message of yours was. Are you saying that only necessary information should be posted? I thought my message to Clint was well within the bounds of the "Terms of Use". If people want to make specific market warning call such as Clint did, they should expect that they might be reminded when they are wrong. Further, I presumed that Clint was confident enough in his abilities so that he was not going to crumple from the critical remarks I made. It looks like he defended himself as well as he could, and it doesn't look like his ego is crushed. If you "admire anyone(like Clint E.) who has the conviction to throw out their thoughts on stocks/market for everyone to see", then I guess you admire a whole lot of people on SI. Just take a peek at the Big Kahuna thread. At any given time there will be people expecting/predicting a surge to breakout into new highs, and people expecting the bottom to dramatically drop out. I have nothing against anyone who wants to make a market prediction, but in this case, Clint was making a pretty urgent call, urging people to not go long or do any bottom fishing. When it turns out that the SPX only went about 2 points lower before rocketing up quite dramatically over the next two days, yes I felt free to post something critical. Good luck on finding your next GURU Oh I'm not looking for a GURU. That was the only time I've adjusted my outlook based on something Clint said. I did so because I had noticed that he had been trading based on the Nasdaq, timing the ups and downs pretty well. And then he seemed to very alarmed on Wed. night. So I thought he might be right again. As Clint noted to me, the only other time recently where he unequivocally expected the market to head dramatically lower was after MSFT reported. As for people making market calls, the motto I follow is "if you can't take the heat, then get out of the kitchen."