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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (25921)	4/3/2000 11:10:00 PM
From: xcr600	Respond to of 68098

I agree it will pass. It's just dealing with the present anger that makes it hard. How does one become a decent trader when one doesn't listen to their own instincts? Self defeating. I had exceeded my goals for 2000 by 40% at the end of January. Stupidity, ignorance or whatever (some damn thing) kept me in through most of this. Go figure. Never thought we'd come down this far this fast. Gains deserve to be erased when one thinks they can predict the market or feel they are "smarter". (I am more jaded this time around as I was holding a bunch of CS through earnings. doh.) One a more positive note.. the bigs were trading up afterhours. Hopefully signs of things to come this week.

To: Clint E. who wrote (25921)	4/4/2000 5:44:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68098

Hi Clint, We have had about a 16 percent decline in the COMPX since the high. So by definition this is still only an adjustment in the market not the beginning of a bear. Something worries me though in that we all seem a little too bullish on this thread despite the fall off. While it is true relative valuations have improved, the leaders are still way overpriced be any traditional measure. It seems we have all been conditioned quite well to buy the dips, maybe too well. I don't sense the same degree of panic we have seen in the past. My broker indicates most of his clients sold out last week to lock in profits or stop losses and have shifted into other stock that are now rising. Have we all gotten that good at believing the long term trend is always up or is a bigger fall coming? I am just thinking out loud.