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

To: Jill who wrote (6448)	3/21/2001 5:34:48 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

Cool post of the day? Thanks for pointing it out! I would never have known. Well that's a first for me, I think. I wish I had taken that advice myself much earlier in my trading career. Speaking of emotion, I see the popular press is playing on emotion big time now. No sooner than I had walked in the door then I see CNBC essentially blaming the decline on 'Shorts Continuing'. While hedge funds may well be contributing to the decline in some manner, its pointless trying to decide whether its "real" selling or not, since generally speaking in real time we can not determine the motivation on the other side of a trade. If price moves against us it hurts just as much whether its longs exiting or shorts adding to positions, and vice versa of course. Seems to me the popular press is either a) misguided or b) trying to help engineer an emotional floor to the market i.e. scare short sellers. In the end what transpires will not be anything to do with commentary from CNBC but what millions of individuals and tens of thousands of professionals decide to do based on the risk they perceive...