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To: BigBull who wrote (88517)3/11/2001 6:10:12 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
OT/Cash Crash Cavernistas?! LOL

Boy, dats a mouthful(g).

Golly Bullski. Think he's talkin' bout us guys? What's been wrong with 50% cash (often higher) since early Oct of last year? I avoided one train wreck after another with that strategy and made some decent profits by being extremely selective with only an occasional ST trade.

And what about having 50% (or more) cash right now????

IMHO, the next 2 weeks is the highest risk time for a market meltdown we've had so far this year! Are Cmdr Data and the Raja (which BTW was Ted Williams nickname for Rogers Hornsby who he considered the greatest right handed hitter of all time) recommending a fully invested stance right now? Max margin?(ggg)

Well if we're the "cash spelunkers" they can be Pancho & Crisco OR the Count of Monte Crisco and his valet, lol.

Seriously neither sound like he has an trading strategy that fits the environment we're facing.

We've been hearing buy the tech dips for almost a year now AND it's been right to ignore that advice (unless you were a ST trader AND a lucky one). Until that stops, and is replaced with exteme bearish sentiment, we don't have a major bottom in the NAZ and I'm NOT going to buy. Said a month ago, when we were at NAZ 2700 that my bottom range is 1400-1500. And everything I've seen in the last few weeks reassures me that we're on course to that level.

Once we get there? THEN, I'll be interesting in looking at sentiment and seeing if there's extreme fear and bearishness with NOBODY saying "this is the bottom" & rec buys in the tech area.

Major sector Bear Markets never end before there are such extremes in investor sentiment. We aren't even close yet!

In the meantime, if they want a good long they ought to buy a couple of gold stocks.

Isopatch