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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (39563)	6/13/2000 8:02:00 PM
From: pater tenebrarum	Respond to of 42523

i think you are 100% right...

To: Crimson Ghost who wrote (39563)	6/13/2000 8:08:00 PM
From: UnBelievable	Read Replies (1) \| Respond to of 42523

How Can You Tell "the head fake to end all head fakes" from a Rally?

To: Crimson Ghost who wrote (39563)	6/13/2000 8:13:00 PM
From: AllansAlias	Respond to of 42523

George, I am struck by how you post mirrors my feeling. The axiom "The market is always right." is true. Hell, it has to be; it's a truism. There's is a hitch with this wisdom though -- it has no timeframe. Today's breakout was wonderful. I went long a NASDAQ mini and am happy. (No, I did not hold.) I will admit at the same time that I am going to lose some few thousands on June puts. Yup, this market has some upside, but the downside risk is enormous. As I wrote in MDD, back when more people were welcomed to post there, I think that this mania will have to end more perniciously than any before. It is the only way to get the informed, conditioned, daytrader crowd. Having said that, I have changed my time horizon. To use Voltspeak, I have changed the parameters of my time capsule. This may take a while. It will, in the end, throw a rod. The problem is, it may take many short traders with it along the way. --Allan