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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (14852)	2/11/2002 2:18:44 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Who the heck is the Mexica? What do you mean "we"? Anyway, I don't really care because I'm just using what is a cool name to describe people who had and liked gold and to refer to the centuries and millennia old use of gold as money etc and that I think the world has moved on. I don't like the word Mexica because it's too much like Mexico and easily confused with them [to me anyway] and Aztec sounds more exotic. I say let's have a mass human sacrifice of modern-day Aztecs decked out in gold. It'll be a great party! But more seriously, yes, I totally agree with the "the trend is your friend" aspect of how we work. We are creatures of habit. Two times and it's tradition. Two cigarettes and we're hooked. Run one kilometre and next thing we are into iron-man contests. One day of stock rises and we are expecting another. We are always shocked when the normalcy suddenly stops. But there are a lot of people hunting trendsters and shorting their irrational exuberance. So it's tough to keep a trend going too far. Too many pile on to defeat the trend extremists. But they still run quite a long way [see dot.coms as examples]. I'm not one to pile on to the end of a trend. When the price exceeds what I think is fair value, I'm outa there. I do NOT want to be left the greatest fool [it's hard to know that there are more]. Mq PS: I don't think Alan Green$pan was pressured. I think he did the pressuring [to set currency as he did]. I think he did well. I think the past year of rapid adjustment will also do the trick.