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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: sandbag who wrote (1492)	10/24/1998 12:59:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

Hi Sandbag, Both the chart and the indicators were inverted. The "bullishness" of the inverted chart reflects that actual bearish conditions of the true stock price. The indicators have also been reversed, so the "bullish" readings you see there are actually indicating a bearish condition. "If it's "bullish" on this chart, would I want to "short" it? Please pardon the confusion I may have caused with the inverted meanings. What I meant by this statement was that since it was "bullish" on this chart (bearish in actuality)--would I want to go against this "bullish" trend and establish a "short" position (i.e. a long position in actuality), and fight this "bullish" trend? To rephrase the above question in real-world terms: If the chart was bearish, would you be willing to fight the trend and establish a long position in the stock? My answer to this is "No." Trend-fighting is hazardous to your wealth. RT