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To: Second_Titan who wrote (79466)11/19/2000 2:37:28 PM
From: isopatch  Respond to of 95453
 
007. Mrs Patch says I'm more fun when I'm bullish<g>.

Basically everyone "talks their position" in the market. With my highest cash position since the entire patch bull began my posts aren't as optimistic as when I'm "balls to the wall" like the 1st week of August into mid-Sept.

<Your timing so far seems to be the best indicator of market movement>

Appreciate that, thank you. But consider myself and am content to be just average to slightly above average as professional investors go. There are a lot of very talented people in this game.

My work is mostly build around intermediate holding periods (1-7 months). Because I like to have a lot of free time, my style does relatively little scalping or ST work vs most other traders.

If my timing is correct here and there, I can only say it's because I'm 1st and foremost a tape reader and pay little or no attention to the financial media or sell side "research". Fundamentals are only useful to me as confirming or not confirming the tape action in a stock or sector.

AND might be worth repeating (per posts in July) my overall approach is built as much around my personal quirks and lifestyle as it is the market. For example am content to accept much lower returns by not using any margin in my work because I enjoy a more laid back daily routine.

Am neither a value nor a momentum investor. I try and get into a trend fairly early by identifying emerging strength in individual stocks.

As to specifics? After years in the game, so much of my decision making process has become instinct that as Jimmy Connors once said, "I'm not sure I could even teach my own son how to play the way I do".

Really don't know for sure what's going to happen tomorrow or next week. Although I do it here and there, am not real big on setting target dates or prices. Just try to relax and read the market & sentiment one day at a time.

Hope that sheds a little light on your question.

Best

Isopatch