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Strategies & Market Trends : Angels of Alchemy
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To: SirRealist who wrote ()5/25/2000 9:14:00 PM
From: yossarian67  Read Replies (4) of 24256
 
The rallies are getting shorter and ending with a lesser pop.....I'm hanging in there financially, but growing VERY weary of nearly everyday of a crappy market...I keep reading about capitulation and how this all has no shot of being over until some large funds and big money simply throw in the towel in frustration.....I'm starting to understand as I'm feeling my own personal capitulation and thinking maybe a summer traveling and enjoying life is better than this. The first 6 weeks of this bear it was still more than possible to make great money going long, as pretty much all you had to do was wait for the big caps to "v" back up after a downtrend and than pour a whole bunch of capital into a sold off IPO or two and presto....an extra 20k in the account in a 2-3 days. Not lately - it's no longer even a swing trader's market but a pure daytrading market going long and short - not my strength. I'm a very good positional player, but haven't been able to do that for a few months now, so I switched to swing trading which I also enjoy and have done quite well......That's not doing it now as any upside lasts no more than 1/2 a day and daytrading just presents no joy for me. For the first time thru this 2 month bear market downtrend, I'm close to "throwing in the towel" for awhile, sleeping until 10AM, seeing friends around the country and just relaxing.....because, even though I've still been scratching out gains consistently, I'm awfully fatigued.

Anyone else feeling this way?

Maybe we just hang out a "gone fishin" sign and hit it again in August?
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