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Pastimes : Ask da_cheif

MVIS 0.914

-3.0%

Nov 13 3:59 PM EST

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To: Vitas who wrote (6675)	11/1/2001 2:49:29 PM
From: Chip McVickar	Read Replies (5) of 8150

Yes Vitas the posts speak for themselves. >>Those are the facts that the record shows<< From what I've learned..., long-term bullish position traders will place orders all the way down in a falling market with tight stops..., as dictated by their systems signals and schooled intuition. So they lose 2 points here and there on the way down..., no big deal. To the average trader it looks like "bad positioning" and "stupid trading," and "ridiculous bravado"....., but in fact they know exactly what they're doing. We don't know if cheeffeos was buying at that time he made those posts, and then getting clipped a few points here and there..., but we do know that the 962 was an entry winner and the cash market is sitting on 1080 today....., and that's a lot of moolahhh...! Position bears do the same thing and maybe rolled contracts all the way down from the 2000 highs. I'd guess they were really pleased by the WTC event that turbo charged their contracts. Both types are premier traders. Personally, I haven't got the stomach for bear positioning. Furthermore..., GZ also did the same type of positioning on the way down and it's clearly presented on this thread. I believe he's still holding at a price very close to da_cheif's. I know this may all sound screwy.., but'cha gotta be a little "Goofy" to be a market timer...! More Fun....! <smile> Chip

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