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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: peter n matzke who wrote (38499)	10/24/1999 3:05:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 44573

Peter, If you go to my profile and look at the posts I've made in the last week, I think you will find ample support to my bullish position. Frankly, I don't care one way or another which way the market goes. I would prefer, however, that it would make up it's mind and go there. I have two long term long positions which really can't be hurt by a crash here. Nine out of ten of my trades have been on the short side for the last several months, so I am equally comfortable with either. However, if I see that this correction is over (IMO), then that's what I will call. If I'm wrong, I'm wrong. It won't be the first time. One thing I will nearly guarantee, is that the market will not crash when half of the free world is expecting it. Spend a little time reading SI to get a general feel for investor sentiment (if you can stand the depression). Market sentiment is very bearish. This is a good sign that a crash is not eminent. Crashes, historically, occur in times of elation and euphoria. This market is paranoid and nervous. If you really think the market goes down from here, put your money where your mouth is and short the market. But don't come asking for a handout when this market confounds all reason and continues to go up, crushing you in it's path. I quit making large bets against this bull when my September puts on the NDX expired (worthless I might add). If you read the wisdom of the old timers at this business, they say "if there is every reason for the market to go down, and it doesn't you'd better go long in a hurry". I would have to concur. Matt