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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (5329)11/13/2001 6:19:51 PM
From: orkrious  Respond to of 99280
 
I guess the contest will be whether your profits will be half what they are today when you get a sell signal or if mine will be double what they are today at that same point.


Precisely why I like trying to call tops and bottoms. It hasn't worked out to well for me this time, but it usually does. (I did cover a little at the close. Sometimes throwing the trading gods a bone helps.<G>) When we tank, the first several points will be missed by most people.



To: ajtj99 who wrote (5329)11/13/2001 6:23:17 PM
From: DlphcOracl  Respond to of 99280
 
ajtj99: Summing up the market -- see below

"Too late to buy, too early to sell".

If one is on the sidelines in cash, it is difficult to buy at this point in time. Next 100 points on the NASDAQ have equal likelihood of being down as up. On the other hand, if one is holding long positions bought much earlier in this rally, no reason to sell; may as well until market begins to show weakness once you are sitting on a nice profit cushion.


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