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Re: asuhowe post# 24022

Thursday, 03/05/2009 5:00:17 PM

Thursday, March 05, 2009 5:00:17 PM

Post# of 51990
You are certainly welcome to your opinion. As I've stated in the past, in my opinion, TA is nothing more than looking graphically at what investors and traders have and are doing. Learn how people generally behave under certain stimuli and you can presage how they might behave in the future...presented with similar stimuli. To invoke a worn-out cliché: yell fire in the theater and you can bank on a certain percentage of people heading for the exits.

I believe I remember back at the height of the tech bubble the pundits proudly announcing a new world order...that the old rules governing the markets and valuations no longer applied. Glad to see that we have a new generation now preaching the end of days. Tells me we're at or near the bottom.
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