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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (68751)	3/17/2003 1:46:20 PM
From: AllansAlias	Read Replies (1) of 209892

I love the opportunity to debate. I don't mean for it to be anything more than arguing one side of the debate. You are one of the best contributors on SI. Goodness knows there are not many left. I understand better what you mean now. Still, I would say to you that such a strategy would have whipped you about in the Nikkei chart for many years. Unless one has the timeframe of decades, then one has to be prepared for phases of the bear that end up not making any net progress for many months or years. Sure the trend is down, but if it goes up/sideways for years before it resumes down, then it is little help to be trading the trend. Even if one only wants to trade short, what the hell does one do if the market pops 15%. If that doesn't take one out of one's position, then one has no respect for stops. Fundamentals have nothing to do with this market, except in timeframes that are impossible to trade. They won't mean anything for years yet, until the bear is over. Poor fundamentals are of little solace when your puts are down 75% 'cause you stepped in front of a correction or your money is tied up for many months going nowhere in a range-bound market. All mho Bob.

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