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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: MarketEye who started this subject	8/22/2002 5:35:50 AM
From: Sharck	Read Replies (1) of 1854

Bears are back! Just took a late tour of some of the other sites around the net, always good reads and nice to know what other traders are thinking. Surprised to see so much negative sentiment. I always felt as daytraders we should have the means and fortitude to switch gears and direction in a heart beat. Sure, calling WEBX a SS at 17 looks brilliant after it trades down to 13, but it also may have killed some traders on its way to 30. Now seeing sleuths of bears pound the table on why this is a manipulated rally. Bear mkts have rallys too, and for the most part are quite enjoyable. Like elastic bands, mkts get pushed out in one direction or the other, and snap back, only to repeat themselves often in the other direction. Stochastically we can go from overbought to oversold, sometimes within an extremely short period of time. This is a traders market, and with darling stocks like EBAY trading at 95 trail and 77 times forward earnings, would I buy it? I did yesterday, twice!!! Trade Smart, S

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