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Strategies & Market Trends : The Millennium Crash

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To: Dwight Taylor who wrote (1688)11/24/1997 6:32:00 PM
From: Richard Estes  Read Replies (2) of 5676
 
No one should be surprised about Asia. The media will give reasons for market activity even if they have to make it up. We will have to wait and see where the market goes.

But a question: What if market makes new highs, say 8600 in next 6 months. Where will your troubles have taken us? There probally will be little change and a new set of problems. Deflation one week, inflation the next. It would be best to isolate oneself from the "stories" and just look at price.

So many, who listen to the noise, fail to see the thing that counts, where is price heading and can I profit from it? Any time they buy into the "story", they take their eye off the prize. I watch movies while I trade not CNBC.

I am not a raging bull but I try to keep things in perspective. I have never seen an objective measure of value. It reminds me of Earnings estimates, people buy and sell off them and they are wrong 75% of the time. an open door for manipulation!
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