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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 687.01-0.1%Dec 30 4:00 PM EST

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To: drsvelte who wrote (24613)12/22/1999 2:00:00 AM
From: Johnny Canuck  Read Replies (1) of 69339
 
Hi Doc,

>>We are moving to a new home and I no longer
>>have cable modem nor even TV cable at the
>>time. I can check in with my laptop on
>>56K but it is excrutiatingly slow.

Funny, I haven't had cable TV for 4 years now, so I miss out on all
the hype. I don't even have any idea right now how the mass media to
portraying the market.

>>I am a demographics bull on the market 'till about 2007 or so, but
>>the recent parabolic action in the COMPQ has me very skittish. I
>>am being very cautious, perhaps too much so!

I have to admit I have been too cautious for the last few weeks too.
I missed out on MRVC at 36 now 55 and VARL at 19 now 28. But, I don't have as much time as I used to watch the market right now and lack of diligence at these levels can cost you dearly. So given the level of risk I don't feel I am really missing out. Knowing when to take a break is key to keeping one's sanity and capital.

The reality is that I don't have to trade at this point and I think a lot of people are in this boat. It has been a great few years overall due to a gains in my investment portfolio. Any trading gains have just been icing on the cake. Isn't it funny how only a few years ago 12 percent average annual return of your money was considered a great return!

Besides, you are already enjoying the real rewards of market:the company of good friends and the time appreciate the moment. Have fun.
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