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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (791)	9/25/1999 10:58:00 AM
From: Lee Lichterman III	Respond to of 10612

You may be right but inthe past you could just go short and make money. The mania of this market makes doing so dangerous now since many times, the more over bought it gets, the more it goes up. Investing was replaced by trading and now it seems to be a momentum style of trading instead of TA and value. Change with the times or get runover unfortunately. I won't pay 100 times value so I just step aside when things get out of hand and wait for the corrections <ggg> Once the stuff hits the fan, then I go short and watch for the bounces. I do think there is a lot of "smart money" onSI. It just depends on which threads you watch. Most everyone on the MDA thread was out in plenty of time and the futures guys were playing the short side most of the time leading up to the drop. Concensus where I hang out seems to be favoring a short lived bounce soon then more downside but it is tough to tell for sure and as I said, the FOMC is a wild card making positional plays harder to line up. Almost all I know are becoming swing traders instead of positional players now due to market conditions. Good Luck, Lee