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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (4364)	11/11/2000 8:25:37 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

You say you're neither bull nor bear but I detect a bearish stance. Am I wrong? I am conservative, that's for sure. My long term money is all in guaranteed stuff -- for this entire year only a small portion I put into stocks from time to time. I've been 100% cash / tbills and such more often this year than anytime in the past. In my non retirement accounts I've been in cash or short index proxies through large parts of the year. I also trade futures, and never hold those overnight. I am somewhat more predisposed to trading on the short side, when the setups are there, simply because movement is faster and the rewards are there. However I've traded plenty of intraday 'bottoms' on the long side. Being conservative doesn't make me a "bear". Calling a trend for what it is does not make me a "bear", just an observer of the trend. Instead of beating my head against the wall I just trade the trend. Its much easier that way. edit: I must admit, lately I've been amazed that the general tone around SI and elsewhere has been "bargain hunting" and very little recognition that a major trend change may be in the winds. I'm not saying that the market will certainly enter a prolonged downtrend, certainly some think it already has been too long (!), but pattnerns are there, tests will be made, and we'll just have to wait to see what kind of failure (or success) happens. A high risk time is all I see.