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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (1794)	3/26/2001 7:41:44 AM
From: Jerry Olson	Respond to of 5893

Dave differing is like opinions....hindsight is a hell of a teacher.. let me tell you if we traders did not change our opinions on how to trade this market we would be like everyone else out there...devastated... the buy and holders are dead on arrival...within the last 2 weeks i have gotten several e-mails from "Daytraders" who thought they wanted to HOLD now!!!..and against the current wisdom, of HOLD NOTHING OVER NIGHT... i sent these e-mails out to our members and free trial folks..it was nothing short of eye opening... they got slaughtered...while we daytraders do in fact get chopped up on a given day, a given week..we survive to trade again... anyone can try to pick a bottom...swing trade??? not me...i'm not going to wake up down another 10 points on another warning, and sector rotation, intraday..not me.. right now we are in a DCB period...this markets a short, has been a short for 1 full year..and nothing has changed.. i'll stick to what i think is the best course of action to take heading into the worst earnings season in 5-6 years, and..we have not stopped decelarating as yet..there are not many orders out there... the real question is when will the sellers..stop selling... The only thing that will change this market is the FED and they are doing just fine...1-2 more quarters of removing the excessive inventory in the pipeline and off to the races we go... for the buy and holders of the world...sure, invest 1/3 of your money in the big cap techs..and wait...certainly the semis are in play right here..they look the best... in any case..we can speculate for days ad infinitum..suffice it to say..we daytraders are alive and well, and living to trade yet another day..it may not work for you or others, but differing is what makes a market.. it works for me...