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Strategies & Market Trends : Complacency Indexes
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To: TechTrader42 who wrote (646)3/5/2002 4:36:20 PM
From: Triffin  Read Replies (1) of 1487
 
Unapproved ravings: Confidence when entering trades should come not from confidence that the market will go in the expected direction, but confidence that you're prepared to get out of the trade if the market goes against you. The market's a confidence game, and the odds are usually against you. Never be confident about its direction.

All the more reason to use combos/straddles or other
types of trades with a 'non-directional bias' ..

Jim in Ct ..
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