To: Monty Lenard who wrote (21884 ) 7/19/1998 7:58:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 94695
Monty; I don't understand some of the minus signs on the NYSE side the S&P side makes sense. The thing is if you understand it , as I think we all need to have indicators that we understand, also more than one but not over do it. Like if you have 3 or even 4 indicators you get use to, and then have the patience to wait until most of them confirm one another , not just rely on one indicator. look for conformation, before any big bet, and if you don't have that then know its a best guess , maybe better than a shot in the dark, but not what you want to bet the barn on. ------------------------- I no longer buck interest rates regardless of my other indicators, also I'm getting were I won't buck biz.yahoo.com Man the market can be going down but if the FED jumps in and adds liquid it almost always will check it. Note last week how often the Fed intervened , and did repos , some how I think this has to do with derivatives, and not their so called target, it's Rubins school chums. While GreenSpam would have you think him and Rubin don't agree that's the oldest con game going. They are kissing buddies and like bed mates. Both let WalL Street and the likes of Goldman Sachs and J.P. Morgan do their real thinking. All they are good at is figuring out the words that will put the blinders on the public, while at the same time getting the public to like it, in short they are PR men for the real string pullers. All this work you are doing will pay off some day , you might run into a lot of dead ends but sooner or later you will have your own indicators. One key thing is to be quick to recognize "when it can't be called " Seeing that has to take priority , as it can keep you from reading in what's not there. Jim