Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 10K a day who wrote (47798)	4/23/2000 5:12:00 PM
From: el paradisio	Respond to of 99985

Impristine,Yep the instant buy signal was given at noon that Friday on MDD,after I was reading only very bearish posts,which created my indecision. Remember,WCOM thread is not a TA thread and some technical stuff,pariculary on balancing can be misinterpreted...LOL

To: 10K a day who wrote (47798)	4/23/2000 8:14:00 PM
From: SBHX	Read Replies (1) \| Respond to of 99985

impristine and el paradisio, 1. I never believed that anyone, even the brilliant gurus (sorry) or the purveyors of micro and macro economic theories, can predict anything with certainty. As such, I'd like to listen to predictions hoping to see a pattern of what most people believe will happen. For a long time the market is no longer about companies making money, it's a big psychological game. Hence, I'll believe the prediction that most people believe in, since that tends to become self-fulfilling. 2. Nothing in this market is an exact science, I now view it as a Big Casino. What happened in 99 was that some of us (including me) thought we understood the set of rules and got cocky. I don't think the set of rules apply anymore. 3. I can still remember when I had a 'balanced' stock portfolio. Remember those things? Banks, resources, autos, techs. As I keep rebalancing my portolio throughout to keep the winners and get rid of the laggards, by june of 99, I held only techs, and rode into 2000 with a big grin on my face. Thought I was the smartest stock picker in the world. Turns out, I was just lucky. Damn! Really hate it when that happens. Only thing that saved me this time? Paranoia and selling most stocks for the wrong reason but at the RIGHT time. Intelligence sharp instincts had nothing to do with it. It was just paranoia and dumb luck. here you said we might crash and we might go up...Nice call