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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (10765)	2/25/2002 10:54:56 PM
From: nsumir81	Read Replies (1) \| Respond to of 19219

No fool, J.T. but why go long 1/9 on a small pullback after what was a tremendous rally? And then stick with it? The point is, that you have been making several points to justify what you felt then on 1/9 (i.e. your current position), but that is not your only position. So some might have looked at all those messages leading up to 1/9 (despite all the disclaimers) and used it as guidance (why else come to this board?). But that 1/9 long market is only relative to individual risk tolerance and relative to other positions that one should hold, which in your case, maybe make up the bulk of your portfolio. Not blaming you, just stating what others imo need to do when reading your posts. Sometimes we get stuck with a position and we then look for/cite data that support our positions. Sometimes they work. Sometimes they don't. Sometimes we get lucky. Another huge sustained rally might get you even (even handsomely profitable) again on this trade, but why go long on 1/9 when the indices in all their splendor, clearly showed the topping out process?. In fact, they were weaker than they were at the December top. Congrats on getting a good return in 2001. I am sure there were other positions you took prior to May 2001 that contributed to it, as did others after October 3rd. And you probably played the October to December surge well too.