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Re: the big guy post# 15870

Sunday, 01/06/2008 11:23:10 PM

Sunday, January 06, 2008 11:23:10 PM

Post# of 19383
I WAS into TA 19-22 and 9-11 Years ago...

Way Back you paid companies like "Dial Data" 2 cents for each quote.
Anyone here remember the old Windows (3.11) on Wall Street Software?

TA indicators in this mass money - program trading market are N/A

IMO: With the sheer amount of money, emotions, and action in the market, the old TA written rules just do not apply. I have found 'trading by charts' not to be relative to current market trading.

In brief: Overall Perception will always become Reality very quickly in this global mass money momentum market. With the Sheer Amount of money, emotions (fear/greed/twits), big and small players, program trading, 401K's, mutual funds, and trader action now in the market, the old TA written rules just do not apply.

The different Various Opinions (of all the market players - am NOT just referring to the few posters here) all translate into various actions, which may translate into various market action, which makes the stock market the great grand chess game that it is. I enjoy That Market Game and respect all of the players here that actually have their own money in play, and not just their mouth.

uBuy until uSell - uWink, uWait, uWin! - Netman

I base my trading decisions on my own DD, research, evaluation, constant re-evaluation, insight and information. Everyone should do their own DD, and constantly evaluate their own conclusions IMO.