To: Miljenko Zuanic who wrote (6290 ) 5/8/2002 11:33:22 AM From: Jibacoa Read Replies (1) | Respond to of 52153 Off topic. <<It is all about *gut and glory*, *greed and fear*>>. Yes, but there is always a tug of war between buyers and sellers and is usually better to wait and see which side is getting the upper hand.<g> It seems to be true that " Whatever happens in the stock market today has happened before and will happen again". <<If +99% investors believe (and hope for it) in up-trend signal (buy signal), how can remaining 1% investors generate this signal, for them?>> "The thing to determine is the speculative line of least resistance and one should wait for the moment when that line defines itself because that is the signal to get busy". And of course, often the "insiders" get a "head start" as "the trend is usually well established before the news is published, and in bull markets bear items are ignored and bull news exaggerated, and vice versa". "In a narrow market when prices are not getting anywhere, there is no sense in trying to anticipate what the next big move is going to be up or down. The thing to do is to wait and make up your mind that you will not take an interest until the price breaks through the limit (the line of least resistance <g>)in either direction". Whatever game you play, it is usually better to bet when the odds are on your side.<g> The question is sometimes wether you want to take a big risky gamble hoping to make a big profit or want to make several smaller but more probable profits.<g> << *greed and fear*.>> They say the the successful trader has to fight these two deep seated instincts.<g> He should always fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. "Always cut your losses short and let your profits run".<g> RAGL Bernard