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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (31712)10/26/2000 5:54:22 PM
From: RocketMan  Read Replies (1) of 436258
 
Anyone going short or long in this market is jaywalking in front of a high speed train. This is a trader's market, you just have to follow the trend. We could go to 2500 or less by year's end, or we could be at 5000. Neither bulls nor bears have conviction. Longs sell into rallies at any sign of a stall, and shorts cover at any sign of a recovery. Me, I'm using tight stops, playing the qqq both ways, and taking profits whenever they are offered to me. This market will destroy ideologues of any persuasion.
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