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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (12133)	3/17/2001 1:16:23 AM
From: Paul A	Respond to of 37746

:) I think its safe to say that if you have money to tie up for 5-10 years, you should be able to squeeze out some incredible profits even at current levels.. let alone where it drops to in the next few weeks :)

To: DlphcOracl who wrote (12133)	3/17/2001 12:08:56 PM
From: tennessee_ted	Read Replies (1) \| Respond to of 37746

Hmmm... your question is not quite the right one I believe. There is huge uncertainty in the near future and the possibility is strong that the Q's go significantly down from here and then take awhile (like maybe years) to recover to the levels you mention as buy points. Granted the risk might be small, but can you afford it? Can you sleep at night holding positions you just entered that continue to go down? If you look at weekly and monthly charts of the QQQ (or for longer view use the Naz), you see we've been through a crazy couple of years that are totally out of whack with what went before. My take on things is that you'd better watch anything you buy long like a hawk and not plan to just ride out the rest of the correction in order to not miss catching the bottom. It just might be another 30% down from here! Who knows? I've always had a doom and gloom streak for a basically optimistic and happy guy. The current environment plays right into those fears perfectly. I personally will wait for clear evidence we've turned the corner on the bottom AND are moving predictably up with sound reason before committing money for the long term. Almost every long I've entered this year with the expectation that we'd come down as far as was likely has cost me dearly. So now I'm taking my own advice and waiting. -Ted