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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Stephen who wrote (63477)11/30/2000 7:45:02 PM
From: TobagoJack  Read Replies (2) of 99985
 
I was trading the big momentum when that was called for and safe. Our combat style must change in response to the threats. Learnt that on my on-line death match games.

Talking fundamentals will get me into trouble only if I short. I do not believe myself enough to short unless NASDAQ goes back up to 5000 (takes some imagination to envision that).

Deciding not to buy based on fundamentals will not get me into trouble as I have never thought of "money not made = money lost" until December 99 / January 2000, and that was when I decided to go against my emotions and start unloading, trim back, cower in the corner, wait for the screaming in the arena to begin.

Now, my health points are up, ammo plentiful, anti-gravity boots strapped, platinum/gold armor suited, and watching from up on high, through a sniper scope, and see lots of heads being blown off, and lots of goodies left next to the bodies.

Through the scope, I also see GE, KO, along side the CSCO, EMC, and ORCLs. Oops, CSCO seems to have just taken a shot on the shoulder.
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