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Politics : High Tolerance Plasticity

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To: chowder who wrote (19092)	3/7/2003 3:56:13 PM
From: pls418	Read Replies (2) of 23153

dabum Thanks for your response and I understand what you mean about not fighting the trend, but I am not a day trader and I am not a technician. Every time I try and wait for the trend to change I buy the peak of a bounce and if I wait to see if it is more than a good bounce I either miss it or buy the peak of a short term uptrend. Bottom line for me is buying good companies that aren't going broke at prices that in the long term can make me money. You can argue all day long that I am wrong and you are probably right and I'll never make as much money as you but a man has to know his own limitations. Having said that you might ask that buying it here or a $1 or so lower at the next support in the long run, what possible difference could it make? And answer is probably very little. I am guessing (yes guessing)in the next few weeks the market will bottom and I was just curious, if I was right if you thought it was likely to hold at its current support or fall to the next level. The main part of my question was if you were going to buy MSFT around this level for what ever reason(let's say the devil made you do it)I was just curious from a technical point if the lower support is worth waiting for. Putting a limit order in for the lower support aren't you taking a chance of missing the upside if it turns and locking in the downside if it continues to fall? There lies the question from a technical point what are the odds if MSFT is at or near a bottom here from your experience of hitting the lower support. And yes I know you should wait for a break out on good volume. Thanks. Steve

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