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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (96550)	4/19/2001 6:57:51 PM
From: GraceZ	Read Replies (3) \| Respond to of 436258

Only question is who is being trapped...bullClowns or bearClowns? The slow to adapt in both camps. If you liken it to what happened coming off 5000, you'll see that people will continue to use whatever strategy worked for them prior to the reversal, even when it clearly is working against them. This is why people give back their gains. The people who will be the slowest to adapt to the new regime are those that have no real experience with loss. The market never really moves for rational reasons, the sooner you can abandon thinking that it should the better off you are.

To: patron_anejo_por_favor who wrote (96550)	4/19/2001 7:03:57 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 436258

Long time lurker here. Kudo's to all here for helping many clowns to reform themselves from bottom fishing and getting killed on the way down from naz 5k,(myself included). Being a recovering tech clown I know the hazards of trying to fade the trend and pick the exact turn. Just as dip buying on the way down was a good way to get killed I think trying to short the exact top of this rally could also be clownish and expensive.

To: patron_anejo_por_favor who wrote (96550)	4/19/2001 7:17:06 PM
From: The Freep	Respond to of 436258

<<Only question is who is being trapped...bullClowns or bearClowns?>> Again. . . why not both? Rigidity is not a friend when volatility is so. . .well. . . volatile. The assumption that everything will IMMEDIATELY turn around or IMMEDIATELY go to heck in a big ole handbasket leads to the belief that the market will go straight up or down. The bears got trapped on the way up, believing that the market was overpricing, ignoring fundamentals. The bulls got trapped on the way down. Lather. Rinse. Repeat. As someone else said. . . same as it ever was. Whether this upmove collapses tomorrow or next week or June or 2002, it will trap people. And the bottom of the downmove will trap people too. Well, only traders, of course. Those who dollar cost average in probably don't care that much. But when you watch every tick of the market (guilty!), you lose that perspective. just a freep's opinion