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Strategies & Market Trends : NetCurrents NTCS

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To: Michael Watkins who wrote (6014)	3/15/2001 12:06:21 AM
From: Ally	Read Replies (1) of 8925

>Play safe. The goal is to stay alive so we can fight another day. Sitting it all out is not a bad thing to do.< Hi Michael, I've been sitting out and not been trading till my bum hurts. What if this turns out to be a Japan type market... down and out for 16 YEARS !!! That's heck of a long time to sit out :) But seriously folks, I heed Michael's words... it's heck of a risky time to trade - unless you're a day trader, in which case, any time is a good time. For swing traders, picking dips in this market is liken to crossing New York streets against the lights. Going short on rallies can also get you hurt by whip lashes the following days. That brings me to a conclusion I've drawn based on my long trading experience (5 months)..... it does not pay to buy on dips when the market is not on a strong uptrend... unless you're the gambling type. In fact, I may even give up this squiggly science, precise only with 20/20 hindsight.

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