To: Chad Barrett who wrote (10439 ) 12/13/1998 9:16:00 PM From: John Paquet Read Replies (5) | Respond to of 26850
Chad; Forgive me if I am wrong. I most of the time read things with reversal angle [180 degree angle]. You massage claims that " don't brother to respond this John...." Chad; you know what my reading is "Please respond as you wish."" Well Chad; it does'nt really matter does it????? For sure though; I have never claimed that I am the "expert" of TA or anything. I might say that I enjoy most of it. In fact; I always mentioned that Not any method or any TA is not infallible, not matter how profoundly that you claimed that you understand it or master it. Cuz TA is still TA, it always in the form of past tense; gone forever the trading data, unless you are "God" and you know for sure what WILL be happening in the future you are bound to acknowledge for yourself that you are only Second to "God". There is for sure nothing in TA that could beat the market. Having said that; I was bullish last week on OUR WSP; suddenly I totally bearish. [BTW I always a bull and a bear depending what the market tells me.] As the worst signals that I oberved these few days is that Clinton's presidency is very likely at stakes. Accordingly, I shall see a market shakout; much worse than Black October scenario; by Thursday, as many people that I talk to here are very scary. Maybe that is why our WSP stalled as DOW last few days back to back lost more 100 points until Mr. Clinton's statement before he headed to Isreal. Market see everything, in the foreseeable future, every condition, market discounts everything. Why the 'ell that OUR WSP was so bullish, suddenly, it stalled and become vunlable. If we take good look big picture of our WSP, I see the downside potential as I have been saying for last a while. I even explained to you that .34 is possible; not impossible. I understand your saying, long term or short term outlook of our WSP. To reach that .34; however; it would take lots time for example 6 months as it went up from that .43 to that $3.33 took nearly 6 months also. This is purely TA, in TA world you will see everything is possible and nothing is impossible. Unless you are "god' You know the way to get better understanding of TA I also apply that "SIMULATION TECHNIQUE" THAT MEANS TRY TO SIMULATING that everything is possible and not impossible. Good luck to your success future wise and exams wise. Chad; Season Greeting, too John Paquet