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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (52479)	6/29/2001 10:09:51 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

GPM controls 25 Trillion of derivatives. That's about 3 times the size of US GDP, which in turn is 3 times how high the whole market went in 1929, so they are the market -g- Banking index is the index to watch if you like baskets of stocks. Also the index to short. But others control 1/2 of what JPM does. I'll let the mad croud celebrate 4-th of July - out with a profit -g-. But Monday will be my next trial short entry point -g-

To: GROUND ZERO™ who wrote (52479)	6/29/2001 10:34:26 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Overtraders Anonymous-My first day I was a bit nervous as I approached the podium, but I knew that no matter what, this was where I needed to be at this moment. Looking out at a room full of strange faces, I began: "Hi, my name is Tom". "HI,TOM" was the immediate, unison, supportive response. My turn again: "And I'm a trade-a-holic. The polite silence that was my response made me continue. "I'm not really sure just how I got in this condition, but I admit that things got out of control quickly. Anyone here ever heard of the 2% rule-that is, risk only 2% of your account balance on one trade"? Several hands shot up. "Well, I routinely made it the 20-30% rule, and in some fits of insanity it became the 50% rule". I noticed some heads shaking, both positively and negatively, as though they had all been there, but no one seemed judgemental,so I continued. "I also used oscillators to fade trends, and relied on the COT because the "big boys" knew things that I didn't". A few audible gasps were heard, but I didn't stop. "I also bought into fairy-tell hype like army worms, droughts, freezing weather and wars." Now the room was in complete silence, as everyone realized the depths of my sickness, and I sensed the shame of most of my audience as they looked back on similar idiocy. "But that was in the past, Tommy" someone said. "What did you do today"? "Well", I began, "I closed out a big loss that would have become bigger, and I painfully added stops to me remaining positions, and I'm planning on trying to get a good night's sleep for the first time in a week". At that point I received a standing ovation of encouragement with shouts of "One trade at a time:" I'm not sure that I'm on the road to recovery, but I think that I've taken the first step