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

To: Stephen who wrote (63477)	11/30/2000 7:31:41 PM
From: globestocks	Read Replies (3) \| Respond to of 99985

There was a book sometime ago by Burton Maikel, Prof. of Economics at Princeton. He refuted Maynard Keynes Castle in the Air Theory of investing. But for Maikel, obviously well off, they can afford to sit back and wait years for their returns. But what about the rest of us, our confidence shaken from recent market plunges. People will buy whatever they feel is an appropriate price- and there sure ain't any fundamentals to that...

To: Stephen who wrote (63477)	11/30/2000 7:45:02 PM
From: TobagoJack	Read Replies (2) \| Respond to of 99985

I was trading the big momentum when that was called for and safe. Our combat style must change in response to the threats. Learnt that on my on-line death match games. Talking fundamentals will get me into trouble only if I short. I do not believe myself enough to short unless NASDAQ goes back up to 5000 (takes some imagination to envision that). Deciding not to buy based on fundamentals will not get me into trouble as I have never thought of "money not made = money lost" until December 99 / January 2000, and that was when I decided to go against my emotions and start unloading, trim back, cower in the corner, wait for the screaming in the arena to begin. Now, my health points are up, ammo plentiful, anti-gravity boots strapped, platinum/gold armor suited, and watching from up on high, through a sniper scope, and see lots of heads being blown off, and lots of goodies left next to the bodies. Through the scope, I also see GE, KO, along side the CSCO, EMC, and ORCLs. Oops, CSCO seems to have just taken a shot on the shoulder.