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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (13491)	9/7/2001 12:20:05 AM
From: Blue On Black	Respond to of 19633

OT since it is not trading.... Tom, I disagree. With all due respect, and I must say that this thread and you personally, are one of maybe 10 places that I check and consider deeply. We are due a bounce. If you consider intraday swings, we have done some serious bouncing. I have stated in times past that I am more of a swing trader rather than a daytrader. Purely and simply, the trend is my friend. I think that I would be a little more representative of the 'average' trader. It is simply that most of us lack your skills and nerve. Just speaking of mindset.... Why should I cover deeply in the money shorts for a bounce? Play a bounce, yes. But actually unwind a position....no. JMHO, convincing ME (as in the less skilled) is what it would take to make that type of move. Speaking purely trading wise.... Speaking serious money.... I ain't moving til October.....if then. 401K and IRAs safely in money market and bonds. I just don't see any reason to change....but I want to see a recovery in the rearview mirror......Dang....I missed the bottom... This is what 'capitulation' is. When enough agree with me.....well, %^(*&^% it, I'll take my guaranteed money and worry about it later... We ain't there. JMHO, of course. lee