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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: LTK007 who wrote (31849)	10/30/1999 3:55:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 99985

Max, Thanks for being open about you situation. The tough thing for rationale thinking people is that the market is not rationale or predictable. If anything (in hind sight) we should have seen the bearishness on this thread as a contrarian indicator. It made too much sense that the market should have at least a blowoff rally to the downside before turning up. Never happened. I too lost about 40% of my trading money (closed positions late Friday). The tough thing for me is that I was 'in the money' by 33% and went to a 40% loss. One thing I would add to LG's list is to buy time with any options you choose. I only went out 2 months so I needed to close before NOV. 19. I always struggle with paying the extra premium but it is wise. Anyway, your not alone. Steve D.

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