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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (81278)	8/8/2001 5:33:13 PM
From: eichler	Read Replies (1) \| Respond to of 99985

Max, < But your reference to buying from the losers tells me your humility factor is fading> If one appreciates that human nature and tendencies have a strong correlation to the fact that the average traders are "losers"; that is they tend to buy the bottoms and sell the tops, then I don't think my statement has much to do with my humility or lack thereof. Also, as I have expressed many times in the past, I view trading stocks as a GAME. As I have extensive experience and invested learning in the game of chess, it is quite natural to me to view the players of the stock game as winners vs. losers. It is not a disparaging statement from my point of view, but a fact and component of the game. Just like chess, the market and particularly "a trade" MUST have a winner, and a loser (assuming no DRAW, which is possible). I am sorry that my use of the term "LOSER" is not an appealing form, but I am more interested in the truth and identifying the various components of this venture, my favorite game of all...the stock market. To those who are concerned with my "humility factor", note just that I have not changed at all. I am still essentially the exact same person I was who was posting a month ago. I am doing just fine keeping my ego in check and KNOW for fact that it is essential in order to be objective. Failures to do so will result in harsh but deserved lessons from Mr. Market. Of that I have absolutely no doubt. So, I appreciate your warning but I am sure at this time it is not an issue. Best, Eichler