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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (38681)12/8/1998 7:37:00 PM
From: Lucretius  Read Replies (1) | Respond to of 132070
 
LOL!!

I don't really look at these things as technicals (I guess some do). I think of them more as relationships. ie- how the dollar, the bond mkt, stock mkt, foreign mkts, G and NKE w/in the US stock mkt are all interlinked and what precedes what. World Breadth (as measured by what mkts are rising and which are falling) and single mkt breadth and how those are interelated.

H&S and double tops are fairly reliable in my experience. I don't go for the other stuff though. More often than not, people see a pattern and say... "yea, if you look at it from this angle.. it is a flying condor pattern.. sort of." What it amounts to is... they're guessing.

put/call ratio was nuts today. if we don't get a decline out of this, I'd be amazed. Then again... the internuts haven't stopped amazing me since 1997. (G)