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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: bonnuss_in_austin who wrote (34988)	3/22/2001 6:36:02 PM
From: robwin	Respond to of 35685

Hi Bon, I do not know how people trade during the day either...it would make my stomach turn...I tried to buy some SOX puts yesterday late in the day yesterday but didn't get fillled (maybe for the best right now)...I bought QQQ in afterhours after today's runup hoping for a continuation tomorrow...will keep an eye on things...I am tired of picking individuals stocks to rally, just buy the basket and hope for a decent reflex or techinical rally or whatever you want to call it.. Best Rob

To: bonnuss_in_austin who wrote (34988)	3/22/2001 10:12:04 PM
From: AllansAlias	Read Replies (2) \| Respond to of 35685

Bonnie, I do not leave because this is my job. I care not if they rally this for months. As long as it's tradable and not sideways then I do not care which direction it takes. Having said that, I have little doubt that it will turn down. Let's just assume that we soon begin the rally I have spoken of -- the one that will last many months. There will be much talk of the nasty episode we had and our brush with disaster, and investors will get on with their lives, thankful that the bull has reasserted itself. Do not believe it. Bear markets are made from great rallies. Without them we could not have great down moves. Of course I do not know, but when I am trading long, I will be using fairly tight stops and will always be aware that the bear is probably only resting. Human nature is nearly immutable. I could show you charts of glorious, nearly spellbinding rallies that have occurred in a hundred bear market charts, only to see them fail and have the lows revisited or surpassed. Relentless down is not nearly as disheartening to a bull as rallies that do not stick. Take a look at the posting rate this evening on the permabull boards such as the porch -- an enormous increase over the daily average. So much emotion I do not know how they can make good decisions. Today I was taunted over on CFZ by a procher, yet here we were still under the level we were at when AG announced the third rate cut and on a day when non-tech was making new stunning lows. It makes no sense. If you were to ask them when was the last time we traded down after three consecutive cuts, hardly any of them would have an idea. It's simply not germane to their model/thinking -- just boring history. That's why we call them clowns I guess. Cheers. Allan.