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chasinfla, I entirely agree. That makes him/her anything other than a market maker.

Oh and one more thing ... if you look closely at the results of this poll, you'd discover that nobody actually knows anything, or can predict anything ... so far the majority voted for "don't know/don't care" ... and the others are almost equally divided ... I think one of the signs could be...

Violent bear market rally. I thought we'd get that last Friday, but what we got suggested that this bear trend is far from over. I cannot tell what precedes a violent rally, but I don't see it happening :(

tnteo and darkhorse, I really appreciate your posts on this thread. Well one MAIN reason I started this thread is that I'm not a bottom picker myself :) which is an asset IMHO. I always stick to my higher peaks + higher troughs definition, and even tnteo now is suggesting that when it...

It seems like people either think the market should make it now or never :) almost no one thinks we could be bottoming in the next 1 to 6 months ... but the fact that not a few think we could be bottoming in the next 1 to 2 years is positive in itself ... At this moment I'd go with "I don't...

tntneo, I agree. And I personally find it pretty hard projecting a bottom at any stage, that's why I'm seeking some guidance here with relation to the DOW theory. Because as far as I'm concerned, we'll bottom when the market starts making higher intermediate-term peaks + higher...

Having read about the DOW Theory some years ago, I remember one of the interpretations saying that the last phase of a BEAR trend is comprised of panic selling, and that the market is usually full of BAD fundamental news. So with WCOM, ENRON and the others, and the recent bleeding, there is NO...

Another thread would be the best idea, just make sure to relate it to trading or otherwise they'll burry it in that chit chat folder.

rs7, Yes, I too think he's still around. ET is an addiction :) So ? What is the big secret ???

One of the reasons I posted this poll, is trying to find out whether Elite Trader translates into "the blind leading the blind" ... Thank God It's not ... or at least so far it's not ... with the minority finding it a waste of time and a drawback ... and a clear majority benefiting from it ...

[/b] Although not much related to trading, but I find the above very important for our psychological stability :) Most of my friends find markets, technical analysis and trading more related to wizardry than anything else :(

C U all tomorrow !

vhehn, That's OK, but rest assured that when I make a smart remark it's readable and understandable by the whole ET community. psssssst .... go ask Lundy :)

chasinfla, hahahah .... they say my sun sign is LEO :)

vhehn, BTW, my comment was a VERY serious one. I'm not so sure what's wrong with you, but as usual, who cares. Good Trading ! P.S. Go compare the performance of NYSE to that of NASDAQ, and you'll realise that in bear markets, the best investment decisions could be found in NYSE...

vhehn, VERY wise I would say. I always got better results when I'm NYSE invested in a Bear market.

ANCHOR, I agree, it's not the same without him. But don't dare ask if it's better or worse or this place will go wild again :)

rs7, yes. And trust me on this one, many people do believe so.

rs7, It's good to see u here, and as I told u earlier, IMHO, you're one of the best contributors on ET. BTW, I was also told that it's unpatriotic to short. But I have no comment on this.

chasinfla, LOL ... he didn't even finish his course :(