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

To: KM who wrote (31901)	10/30/1999 10:06:00 AM
From: Casaubon	Respond to of 99985

Well KM, you are indeed correct, but I am primarily a long term investor, as I do not have the time to watch the market closely. Thus, it is a piss poor environment for investors. Traders on the other hand have the advantage to be able to possibly react to such violent changes in market direction. Therefore, I consider it to be foolish for investors to have their money in this market, unless they really know what they're doing. This includes knowledge about options strategies to mitigate risk and good technical analysis to open and close the hedging strategies, when necessary. It is my opinion that buy and hold will get burned before long. If I am wrong, I may have an opportunity loss, but if I am correct, I will have avoided a large loss of capital. I congratulate traders, if they have been able to keep up with this market. The meat grinder has been fun to learn from, but I'm glad I chose the conservative strategies which I have utilized this year.

To: KM who wrote (31901)	10/30/1999 10:51:00 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 99985

I'm sorry if my tone was a little strong there. I did have a couple of Bud's last night.<g> I did get your point- and it is a good one. Greed will get you in both directions. If you are wrong- you should readily admit it, and change sides- or stay out. With my money- I have mostly been staying out of this mess they call a stock market since last summer. I have missed some opportunities no doubt- but I have positive returns over that period. Much better than the SP500 or a CD. In addition, I have reduced my risks by a tremendous amount- which is very important IMHO. Your old man was a market reporter? I bet he's got stories that would curl your hair. <g> Did he ever talk about the great Bear Market of 73-74?? Regards, TW