I took a break
#1
Posted 23 March 2007 - 10:57 AM
#2
Posted 23 March 2007 - 11:06 AM
Glad to see the nut case aint here anymore.
O yes I am!
Welcome back.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 23 March 2007 - 11:15 AM
I took a break from here a while ago.
The best thing if you are bearish is to spend time with zealot bears to realize neither bull or bear is a religion.
Follow the trend is the only way to make money.
Have a more balanced realistic view of the markets, sharpened my ax and will post again.
Glad to see the nut case aint here anymore.
Zedor
Vector will be back when the coast is clear (j/K) .
ed rader
#4
Posted 23 March 2007 - 11:21 AM
#5
Posted 23 March 2007 - 11:30 AM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#6
Posted 23 March 2007 - 11:38 AM
Its ok -- he has a point. We have had a bull run in stocks and I did repent a while back, though not here.Play nice Cheif.
I can stand saying I was wrong or way too early.
However neither bull or bear lasts forever and they alternate.
My bearish leanings are there for the market though. But more structured now.
I have the Jan 2007 low as a pivot. Below that bearish.
#7
Posted 23 March 2007 - 11:52 AM
Its ok -- he has a point. We have had a bull run in stocks and I did repent a while back, though not here.Play nice Cheif.
I can stand saying I was wrong or way too early.
However neither bull or bear lasts forever and they alternate.
My bearish leanings are there for the market though. But more structured now.
I have the Jan 2007 low as a pivot. Below that bearish.
Maybe you are where I am at with trading. There are no bull or bear markets, there is only price direction. I guess I would be called a swing trader of sorts. Some days I daytrade, some trades are several days. Long or short. I don't trade individual securities usually. ETF's and RYDEX and the ProFunds leveaged.
I find the worst thing I can do is listen to other's opinions...I have to do my own work per my trading methodology. Another thing, there is not a trade to be made every day, I have to wait until the probabilities line up.
Edited by Chilidawgz, 23 March 2007 - 11:54 AM.
#8
Posted 23 March 2007 - 11:59 AM
There are no bull or bear markets, there is only price direction.
The radio Guru is bearish, as you know.
Yet he says (tells himself): "Lose your opinion, not your money."
So while he has an overall view of why the market should have trouble,
he keeps buying stocks which are oversold at support and show good risk/reward ratios.
How many rallies have been missed because EVERYONE (except Da Cheif ) was convienced the markets were going to crash?
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#9
Posted 23 March 2007 - 12:10 PM
Agreed.Follow the trend is the only way to make money.
Yes, they do.However neither bull or bear lasts forever and they alternate.
That's fine...it keeps you grounded. But when the urge takes you, refer to your first statement.My bearish leanings are there for the market though.
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Spoken like a true technician.There are no bull or bear markets, there is only price direction...I have to do my own work per my trading methodology. Another thing, there is not a trade to be made every day, I have to wait until the probabilities line up.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#10
Posted 23 March 2007 - 02:30 PM