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Pastimes : Trading the markets.....

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To: robert b furman who wrote (3973)3/10/2001 9:48:41 AM
From: William H Huebl  Read Replies (1) of 4583
 
Bob,

Thanks for the thanks!

While I don't even try to keep all the possibilities in front of me... what I do try to do is to keep from being blinded by limiting possibilities... if that makes sense.

For example, seeing the only possibility for NAZ was up, up, and away a year ago caused many who invested then to buy the farm as their investments are now worth less than half what they paid for them at the peak. And if they went on MARGIN (let's not go there!)

Grabbing onto either a "things can't go any lower" or a "we are in the middle of a slow-motion crash" mantra can be equally dangerous now.

My suggestion to those asking, is to average into this market but NOT invest the farm... as you know, the banner on my website is a neutral gray... not red any more. That just means while we can go lower, things are getting better as measured by SCY which is well over 1.0 now.

You want to wait for 1.5 to invest the farm!

BWDIK, IMHO, etc, etc, etc
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