MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: KymarFye who wrote (68463)	2/3/2001 1:53:09 PM
From: Stephen M. DeMoss	Read Replies (4) of 99985

Kymar, It intriques me listening to money managers on CNN this morning. I am not being critical of them. However, if you and others on this board are even mostly correct, they are very much incorrect. Each expert either expects a V-shaped reversal to the upside recovery or a U shaped one. All of the experts see us at the bottom and that the markets will be definately higher in the coming months. These are the experts 'educating' the masses over their morning coffee. How can there be such a consensus by the experts? No real words of caution. No hedging about being at the bottom. If the market really is going higher in the coming months, I want in NOW! To buy and walk away from it. Its only the caution on this board which makes me very tentative to use margin etc. to pick up some apparent bargains. If anything I am tempted to buy puts or short some of the stumbling high flyers...Think I'll stand put except selling calls on my long positions month to month. Steve D.

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