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Re: SyndicateTwo post# 1111

Tuesday, 10/10/2006 9:34:25 AM

Tuesday, October 10, 2006 9:34:25 AM

Post# of 22157
syn...during periods like this, I abandon most of my technical tools and try to think like the market...what's the market mentality? The market mentality right now is to buy the dips....short term tops will be met with waves of selling only to be met by waves of buying on dips(retail? commercial? a combination?)...until I see this pattern change, there no need for me to overanalyze the market...I'm simply playing the trend..

we should get another dip either later today or tomorrow, followed by another leg up later this week...imo...even macroeconomic events like testing a nuclear bomb barely rattled the market and did absolutely NOTHING for oil and gold prices...think again about the mentality of the market...and then think 3 months ago how that geo-political event would have played out in the market...
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