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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Ken98 who wrote (19331)7/3/1999 12:25:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Excellent post and welcome to the thread, hope you stick around. EOM

Good Luck,

Lee



To: Ken98 who wrote (19331)7/3/1999 12:36:00 PM
From: Stephen  Read Replies (2) | Respond to of 99985
 
Call me simple, but as I've stated previously, I'll play the July earnings momo, get out of longs for Aug/Sept .... then ... dependant upon what happened Aug/Sept ... maybe start nibbling again in Oct ... getting ready to pull out for Y2K drop after the small rebound ... then buy back just before year end. I'll be trading mostly .... but having some longs is fine ... as long as they are the right ones.

Is it that simple ... no .... but you gotta have a plan ... even if it gets modified along the way !!

Frankly ... its difficult being an investing bear ... but I find it too easy to be scared of this market. Its going to crash ... but like everyone, I just don't know when. Till then ... the only things that matter are the 3'E's - e-commerce, events & earnings ..... the 3'I's ... interest rates, interest rates & interest rates & the 3'L's, liquidity, liquidity & liquidity. I'm not going to fight the tape ... or the Fed or the possiblitity that people start liquidating assets for the millenium.

Hey ... it may not be much of a plan ... but its the only one I've got !!

Stephen



To: Ken98 who wrote (19331)7/3/1999 2:54:00 PM
From: Robert McHale  Read Replies (2) | Respond to of 99985
 
<The only thing that will cause this market to decline is something that will affect investors confidence. If you can
figure that out, or recognize it if and when it occurs, you will be ahead of the game.>

I am reading "Etraordinary Popular Delusions & The Madness of Crowds".

"Every age has its particular folly; some scheme, project, or phantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the force of imitation."

The similarities of past euphoric profits and dramatic panic epiphanies of true worth are striking similar to what I see today.

I could argue that we are smarter now but what scares me is that we are still human.