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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (33231)	9/19/2000 7:57:29 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 50167

Good Morning IQ, Well said... your post is a very articulate editorial of the current psyche of traders and investors..... GZ

To: IQBAL LATIF who wrote (33231)	9/19/2000 9:29:01 PM
From: PMG	Respond to of 50167

What (I may be completely wrong) I think I have learned by now (among having consumed lots of 'information') is: 1. don't try to understand the ununderstandable (the more complicated I think the more mistakes I make, this is why I do no more intraday trading right now) 2. an extreme movement is very unlikely 3. it seems to me, if you try to understand 'noise' this is a scheme which is somehow similar to the addiction problem that I addressed... ps. these NOK calls made + 35% in two days:-) and this was the outcome of these 1,2,3 Thanks PMG

To: IQBAL LATIF who wrote (33231)	9/20/2000 3:11:59 AM
From: IQBAL LATIF	Respond to of 50167

<<for someone like me I react late on a break but I am grateful as I also save myself from lot of pressure as a result of inter day noise of the markets..>> The key for any investor is that he or she does not have to worry or react on every move of the markets, leave some moves as test of key supports and try to wait for that proverbial double close for the confirmation of the break albeit you may be too late to enter however my little experience tell me that less money is made trading on the short side than it is lost following noise, a move like yesterday is one good example if we can have now some snactity for 200 days MA on SPX or even SPZ one could take advantage of osme oversold positions like MSFT INTC etc that I highlighted in the morning. We need to be careful that markets are more prone to a bounce at that 200 ma point than any other point, these higher lows that SPX are making and these test of 200 days are perfectly normal the situation of course changes as we break these supports and get into more murkier waters but that is where we step our efforts to highlight what we term as point of inflexion, relying on what ever ill- reputation gg or intellectual capital gg we have we step up and tell the guys the market is long at this point, if we right it is alright if wrong the wrath of some has to be taken but that is how one becomes a stronger hand, if you need to swim with the sharks carry a big stick and have some kind of believe in your abilities and that is how self confidence will give this 35% profit on calls, last but not least even the best of ideas and best of self believe should be traded within your goals and parameters.. fwiw