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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (31410)	10/13/1998 9:48:00 AM
From: bearshark	Respond to of 94695

Vitas: I thought our comments about the same indicators was interesting. In evaluating the figures you posted I made judgements on how I would trade those numbers for a speculation. One reason I hesitate to say anything about direction of the market clearly on SI is because we all have different reasons for using the same data. In using the DJX, I can count on about a 1/4 point for every 100-point move in the DJI. Since I am buying time with options, I tend to focus on immediate results. When I go long on a stock for investment purposes, I would be considering long term gains and average rates of gain. Your read of the figures would be consistent with my views when I am investing and buying stocks because I have a timeframe of a year or more. In reading the posts on SI, it is important for everyone to understand that our speculation or investment colors our interpretation of data--at least to some extent. Quite often, people can have opposing views and trades and still make money.