hi max90, well, yes one can go with a trend in the market, and certainly the sell in may and go away (till nov) crowd has done well, but i think what bugs me is this...
we may well be at a critical juncture in the market...certainly the dow having a record weekly fall has the perennial bulls thinking 'buying opp' and the bears thinking 'you ain't seen nothin' yet...'
i get a ta letter from a guy in toronto who said to postpone all short sales, y2k is irrelevant, yada yada, but jan/feb 00 would perhaps be the short of a generation...so what happens after i get this letter, wham, down big time on all major indices...
i had a position in puts on the cdn index b/4 i read this and ignored him...lucky for me...i could have sold them at a loss and instead closed them at a profit...and he's a pro and has a good track record, is independent and works at it full time...
to summarize, i am a bear, i believe this bull market is nearly done, but the mania may have ended a week ago or may run for a few more months yet...no one knows this...everything posted here this weekend will be of no value once those Far East markets crank up this evening...now, if anyone here is a major player in far east markets and wants to tell me what they are planning to do, tonight, this i can use...
all the best
ike |
