To: pater tenebrarum who wrote (66146 ) 10/4/1999 12:30:00 PM From: Cynic 2005 Read Replies (2) | Respond to of 86076
<<better buy, Joe G. has called for a crash, that's GOT to be a buy signal.>> All true contrarians raise hands!! Come on guys, all of us have seem to have turned in to a bunch of wimps lately! In the name of humor this thread has lost its identity. The members have become neither contratian signals nor trend setters. Granted the market has been brutal to the few surviving bears, in your pursuit of 'contrarian' signals there are a few things to remember. 1. A few people WILL call the crash and they will be right. For all you know, it can even be LUC -ng- So, disbelieving or betting against BEARISH calls is the last thing you want to do. 2. Luc is right, customarily people who have made tons of money at lately will stay 100% invested right before the crash - if there were to be one. (I believe there will be one - my definition of the crash is a one-week drop of 10% or more from these levels followed by a 6-8% one day drop) 3. Pay attention to different PoV presented here by BGR and Paper Chase. (notice the letter S is only 2 alphabets ahead of V? -g-) There are absolutely convinced that they are right. (Of course, so am I. But how come I lost money? Because, that is the nature of the market.) Believe me, their jaws are going to drop in awe, before the end of the year. -ng- For bulls, making money in this market till mid 1998 was almost 'automatic.' From October 98 till April 99, it is an unbelievable accident. From April 99 up until now, it is frustrating. No matter in which period you made the money, the market mechanism is such that only the fittest will keep it. It is true even for the most manipulated markets. In fact, that is the essence of the manipulation. If you are convinced about this as I am, stick to your guns and stay the bearish course. Mark my words, some jaws are about to drop!The most frustrating thing for a bear is to stay bearish in a bear market - especially in the initial stages of the bear! (Thank you Def) ------- There. Now I am off my soap box! -g-