Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: ajtj99 who wrote (17351)	6/7/2001 11:46:39 PM
From: Mike M	Read Replies (1) of 30051

aj...unless you can see in the future all you are doing is the same thing as the rest of us, guessing. I will let the market show me what it is doing and rather than lead it and have my butt handed to me, I will react to it. If it is down then my trailing stops will kick in and I may short for a while....One thing I have learned is that the market is the boss. I pay attention to what it is saying to me and react accordingly. If you tell the boss what to do you usually don't like the results. Although Zeev has talked bearish he has been reasonably successful because he doesn't have a bearish strategy. He scalps long positions. Shorting lately has been a painful process for the skeptics. It may be next week also. All the bravado in the world won't change what will happen. Good luck.

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