Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (7770)	5/26/2001 3:18:11 PM
From: Chris	Read Replies (1) of 52237

just read your comments on marketswing.. i am very fearful that this 2nd half rebound/recovery will not be seen and i think AG is warning or fearing that too.. If this is true, then this whole rally might be a bear market rally (yes, a strong one).. I have become MORE BEARISH over the last few days since we cannot clear that spx downtrend (1300). Everyone is expecting a 2nd half recovery. Market has already PRICED in that recovery IMO. If that recovery doesn't come, better watch out below. Since, we won't know for sure... the best thing to do is: DO NOT GET STUCK IN ANY POSITIONS. STOP OUT. Many people lost a lot of money in the tech wreck because of the pray n' hoping that their stock will come back up to break even. Take the 5-10% loss and re-enter again. but dont let it slip to 30-50% losses. Learn from your mistakes. Conversly, Don't trade in FEAR. The point of this post is how to combine news and economic outlook WITH our market action (psychology), and have stops to protect your positions. If one had adhere to their stops, many would not have been destroyed by the tech wreck. HAVE A GOOD WEEKEND ALL.

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