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


To: da_cheif™ who wrote (61105)10/20/2000 4:19:40 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
da: Frankly, the market has been in a mania for some time. The more one knows about historical valuations the harder it can be to motivate one's self to take the plunge to go long....<g>

That is why it is necessary IMO, to use technical analysis to time entry/exit positions. Always try to take the emotions out of the equation as much as possible...

Regards,
LG



To: da_cheif™ who wrote (61105)10/20/2000 4:53:31 PM
From: maceng2  Respond to of 99985
 
Da cheif,

Good retort!

I did read some of your recent points to a bear (archimedies) and obviously your flamboyant style attracts a certain type of criticism of the "you have not proved to 100% correct" variety.

Liked reading this in your barrons link...

It's almost to the the extreme that admitting holding cash is tantamount to admitting that one has a social disease.

I have to put my hand up and say I have cash in the background. As far as my equity investments though (after careful thinking) it's "full steam ahead and damn the crashes". Any other course IMHO leads to being suckered by the forces on the market that need your money (as if you don't need it -g-) Once you have fully made up your mind it don't matter what happens next as you did the best you could.

So, I do see the next month or two where individual investors have to be very clear in their heads what they are going to do as the various scenarios present themselves. Well.. they should be clear all the time I guess :)

Anyhow, no review of the market is complete in my book unless I see what "da cheif" has to say.

Don Hays too, and all da bears, and all da bulls.

Have a nice weekend all, I liked reading this thread today.

regards,

pearly.