Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (5267)	8/1/1998 11:40:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Good morning jj or is that Freddie??? Thanks for sharing the Barrons article...kind of a combination of what P&F has showed and an impending BEAR coming... Have a good weekend planning... Later Preston

To: Giordano Bruno who wrote (5267)	8/1/1998 1:34:00 PM
From: james ball	Read Replies (1) \| Respond to of 34811

Tom Dorsey to group - The Peter Elides article brings back to memory the first time I came to the realization I could think for myself. I was in New York and leaving my room for a meeting, must be at least, 15 or so years ago, and the financial news channel came out with a report form Peter Eliades (sp) on how the market was in for a 500 point decline. Back then 500 points was a major move, not like two days now. Normally I would have paid strict attention to what was said but I did not. As the interview unfolded what came to my mind was how the NYSE Bullish Percent was on Offense (can't remember exactly what level) and if there was to be a 500 point decline the bullish Percent would warn me in plenty of time before it happened. I left the room with total confidence with my views on the market not Eliades views. I realized at that moment that I had arrived. I no longer needed to rely on anyone else but myself and my souless barometers the bullish percents. Take this article the same way. For those who believe, nothign that is written on the market makes any difference, just as if you were the coach of a professional football team. You would rely on your abilities to call the plays and not the fan's or another pro coach. You are already on defense and have been since April-May. Where was this article in April-May ask yourself when you were warned of a shift to defense. If he is to be right, then you are already ahead of the curve. If he is to be wrong then the bullish percent will reverse and you will again be ahead of the curve. I realize it is interesting to read others opinions but when you understand these indicators, others opinions using squares, astrological charts, tidal waves, fibbinocci retracements, misplaced trend lines and out right guesses, make not a hill of beans. Those of you on this thread are already ahead of the curve simply by disucssing these concepts each day. Dance with the one what brung ya. Confidence in the souless barometers is the key to piece of mind. Tom Dorsey

To: Giordano Bruno who wrote (5267)	8/1/1998 8:48:00 PM
From: chartseer	Read Replies (2) \| Respond to of 34811

Thanks jjsirus for "interesting article from Barrons". Was beginning to think no one was reading my postings. Storm clouds on horizon but don t know how bad we are going to get hit, or even if we are going to get hit at all, but taking extreme precautions . My own market indicator turn 180 degrees from up to down very quickly and looking back now I see weakness of previous positive reading. Rather be short for next few weeks maybe months. Buying puts at least out past OCT. Going with that little inner voice. One mans opinion and I could be wrong.