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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: xtahce who wrote (4998)	9/18/2000 1:57:35 PM
From: Drbob512	Read Replies (1) \| Respond to of 100058

xtahce: I agree whole heartedly with you regarding placing more emphasis on shorter term goals than longer ones, as I have stated many times, staying in the present is most important to TA. I think you might have mistaken my Cognitive dissonance theory a little, in that it has more to do with having actions occur first, and then beliefs to follow them to be congruent, and then actions will follow those beliefs. A good example is buying a stock, then believing it will go up even when it is then flat or declining ("the market never lies"), and then not selling. Perhaps you just had a different emphasis. As far as beliefs coming first before actions, RET (rational emotive therapy by Albert Ellis covers that). I agree that sometimes it is fine to sit on the sidelines, and risk missing a move (if you are a position trader like I am especially), when the odds favor you not missing a move and when the risk is worse by taking a position. That is why I have not done anything since selling in July. I have been willing to risk missing a move from the high 3000's to 4289 (and potentially higher at the time) in August and have been on sidelines in Sept even when I thought Sept might be a little better than August (which it has not been) because I didn't like some of the technicals and the unfavorable seasonality. I didn't want to chase some of the stocks I intend to buy and there did not seem to be an urgency to go long. But I would not like to miss out on the next bull market in the Naz, which may start in October,imho.... Thanks for your thoughtful insights...