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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (15215)	8/31/1998 11:37:00 AM
From: Joseph G.	Read Replies (1) \| Respond to of 42787

What would we do without suckers? -g- <<It is quite amusing at times to see some still play this market as though it is a bull market. Must be trading on emotion and not on the reality of the market. One really interesting example is some traders playing bounces off of a stock's 52-week low which is already below their 200 day MA. I see trader's do this recently even when the stock has been in a well-established downtrend preceding this market sell off. This is a sure sign of desperation in a trader given the trading environment this market has been providing us. This is worse than the silly practice of bottom fishing in this market. Perhaps a bull market is the only type of market this type of trader has known. Lack of experience in different types of markets can be very costly. Being overconfident compared with ones experience level by not responding to changes in the market can lead to disaster.>>