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

To: Berney who wrote (37993)	3/6/1999 1:03:00 PM
From: Lucretius	Respond to of 94695

Vulcan logic often fails at important turning points and only Human intuition catches the move.... -G- -Lucretius

To: Berney who wrote (37993)	3/6/1999 3:19:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 94695

Berney, This is where I appreciate some of the great minds on the treads such as bb, Death Dude, GZ and SO (not being all inclusive) that will adamantly argue their position, but will turn on a dime and leave change. That was a great turn by bb Wednesday. I don't have to say much other than check my record (which I'm assuming you did). My posts which have been overwhelmingly bullish will speak for themselves. If you find otherwise please let me know. I would like to contact Jill at SI to let her know that someone is using my handle. Oh yes here are a couple posts from Feb. at the height of the bearishness, just because I realize "time is money." Message 8004893 Message 7754051 Message 8139576 Message 8042011 Message 7925362 I try to post nightly so there are many more. Fell free to look around. Berney some may find a posting of someone's opinion as foolish or as time wasted. However many of your students have enough guts to post their opinions on a nightly basis regardless of the critizism they might receive for being wrong. Let's see how much of a man you are. Give us some examples of you enlightened thoughts from the past. I can't speak for anyone else, but I would like to see them. Have a good weekend. SO

To: Berney who wrote (37993)	3/6/1999 5:26:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 94695

Hello Berney just wanted to say i follow Dorsey Wright Point & Figure TA... all their indicators are on sell signals... just last Fri, one of their early warning short term indicators reversed UP...it's the Hi/Low index..it went positive, actually it did a 3 box reversal from the recent decline... all it was saying is that the markets and these other indicators "could" reverse, IF, things begin to improve... so we P&Fers, have begun to BUY some things, nothing big, ands of course with stops in place... The "BIG" indicator the NYSEBP is heading lower still, and it predicted correctly the last 3-4 crashes within 60 days of the tops... their site is www.dorseywright.com...a simple easy to understand, and wonderful way to trade these volitile markets... I already know you and Steve trade great, so it's just for your interest... the current senario is a short retrace to 1250ish SPX and then we should head higher...AG is now completely out of the rate hike equation... earnings & warnings will be the next hurdle to deal with... OJ.......

To: Berney who wrote (37993)	3/6/1999 8:56:00 PM
From: Wildstar	Respond to of 94695

Berney, I chart new highs and new lows on my website: members.xoom.com >>However, I do have a hard time understanding (another human emotion) how one can expect a sustained rally with these anemic numbers<< I agree, the internals look really weak, even with the new highs on the DJIA. I think that this might be a "bull trap" like when the DJIA hit new highs back in July.

To: Berney who wrote (37993)	3/7/1999 10:27:00 AM
From: Robert Graham	Read Replies (5) \| Respond to of 94695

Yes, I agree that the internals suggest that this rally will not continue to follow through. But for the current time, I am suggesting the possibility of a continued rally which I think can be identified by the results on Monday. How long this rally will last, I do not know. But what I am more confident of is that the market has more underlying strength than many appear to be willing to see for themselves for some reason. So I am extrapolating one step at a time from my finding of market strength which this recent market move up has in part validated. Does this mean that I think we are in for another bull phase of the market? Certainly not! Many more indications would need to appear over time to warrant such a thought. And in the end, IMO this type of thinking is needless and can cause more damage to the trader than good. I try to take this market a step at a time and wait for some sort of confirmation. I can operate this way because I am not a day trader and do not trade for a living. I also have been reminded by a trader who I have allot of respect for that it is the stocks that I follow and participate in that matter. I personally do not trade market the indices. And I try to let the longer term picture of the market sort itself out. We as traders should not care about the long term direction of the market. In my previous post, I was attempting to distinguish the difference between a prediction and an expectation about the market. The difference to some people will be small or inconsequential. This distinction is all but lost on people who place allot of significance on their predictions, perhaps even a little of their own self worth. But I claim that this difference is what is essential and needs to be understood by the trader for their continued success trading in the markets. I am very surprised that many did not see the possibility of the recent market move up and the visible evidence that has been in place to support such a possibility. Perhaps one difference is that I did not let my expectations of the market color what I actually saw the market doing, while others allowed their predictions to flaw their observations and judgement. After all, they know what the market is going to do, so what else is there to see? Some call it semantics or what they will, but I am sure we have allot of traders here that were on the wrong side of a trade when the market broke out. Wrong all the way to resulting in losses. Semantical differences in this case apparently mean something to the pocket book. I will leave as an exersize to the "warrior" trader here the discovery of the other "semantical" differences between "prediction" and "expectation". Bob Graham