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Strategies & Market Trends : Strictly: Drilling II
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To: mishedlo who wrote (28401)2/20/2003 9:43:42 AM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
["why people should be panicing out now"

...No one should be in a panic ?

They should already have calmly & cooly taken profits and be sitting here like a Wolf licking it's chops, watching all the sheep keep bouncing off the walls of the pen to the slaughter house, bumping into each other, running in circles - not knowing what to do.

The Wolves have all the options here ... re-enter on a breakout to the upside, wait patiently for ensuing shakeouts to true value levels to re-enter...or scalp a few trades in both directions.

You are all missing the major point about cyclicals.

There are times when being "OUT" - neither long, or short...is THE no-brainer play.

Let "others" shoulder all the volatility risk & damage.

Set back patiently and give the fundamental drivers to this sector time to play themselves out a bit more... let the smoke clear...get a clearer vision of the playing field......it's "HALFTIME" here... we get to go into the Locker Room, review tape, review both our & our opponents play...and develop new strategies for the 2nd half.

You do NOT - always have to be "in" the market.

Often, quite often.... being "out" is the smart place to be.

Make the most of HALFTIME here people... aint no Train leaving the station and if & when there is... trust me; you'll hear the whistle (vbg).
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