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

To: Stcgg who wrote (46422)	4/15/2000 1:00:00 AM
From: Jack Colton	Read Replies (1) \| Respond to of 99985

But that's just it... There's LOTS of money OUT THERE. And it will stay OUT THERE until a perceived bottom has been touched. Who, in their right mind, wants to catch this falling 800 pound knife? There's a lot of smart money out there. Just because the markets are going down doesn't mean a lot of folks are still making a lot of money.

To: Stcgg who wrote (46422)	4/15/2000 1:09:00 AM
From: American Spirit	Respond to of 99985

And every shell-shocked doom and gloomer ignores all the good news out there and feels there's no bottom - ever. The whole world economy will collapse and it's Road Warrior time. I don't think so. expect anyone who bought today or next session to do very well on their buys in the very near future. How much and when exactly I don't know but consider it in the bank. Still I agree some stocks will have a hard time recovering and may get hit further. Buy the leaders and most undervalued winners and you should do fine.

To: Stcgg who wrote (46422)	4/15/2000 2:48:00 AM
From: SkyDart	Respond to of 99985

Hey Stcgg, Ever go short? I do alot. And it works well, but one must control risk. IMO it is too risky now to initiate short sales, although I have many boxed positions that I could turn into shorts if the unexpected [and unlikely] occurred. But if you looked at the action today and yesterday in INCY, CRA, and ALGX, you would not want to short either as you would notice that these stocks went UP today MUCH more quickly and violently than they went down. Believe me, the smart money is going long at this point. Sky.