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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Paul A who wrote (3774)1/10/1998 11:16:00 AM
From: Randall Thomas  Read Replies (1) of 7396
 
<<I spoke with several friends who think
im crazy following the market second by second. They all took
todays selloff in stride so the fear in my opinions seems to be
amongst you TA folks as well as traders/funds.>>

For most traders fear is not an issue if the market moves down sharply. That is an excellent opportunity to take advantage of wide swings in stocks. I could absolutely not care less what the market does, as long as it does something. The only drawback to recent overseas stuff is that overnight long positions are much more vulnerable to overseas action overnight than they were in the past.

I think it will take a downturn to an extent that causes JSB margin trouble to cause any discomfort on that front.

Scott
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