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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11778)	11/7/2002 11:30:40 AM
From: TimeToMakeTheInvs	Read Replies (2) \| Respond to of 57110

jorj, you pay much attention to the put/call ratio intraday? I know my wag is in trouble now that Libbyt has weighed in <g>. tim

To: Jorj X Mckie who wrote (11778)	11/7/2002 12:45:37 PM
From: Techplayer	Read Replies (2) \| Respond to of 57110

Jorj, I am at a crossroads today on how to approach the markets going forward. Since this run started, I have made some decent money but not nearly as much as those that have traded with the bullish trend. The Bearish case clearly wins for the longer term, especially when applied to the techs. There appears to be a growing number of SI participants that feel that the buy the dip mentality is likely to be the best way to make the money for the intermediate term. With a decline like this today, I am fighting the urge to go long specific stocks (outside of those that were mercilessly crushed in the opening moments today) that have pulled back. Two issues have kept me from doing this. The first is that it feels fundamentally wrong to me, but so have the past 2 weeks of positive market movements. The second is the indications that you outlined with your TICK/TRIN, that the big money is leaving the building while the small guy could be getting set up for another beating. Do you feel that today marks the beginning of a new "trend" back towards reality or is this a profit taking blip on the recent bullish movement upwards? I have closed all short positions in my trading account. All that is in there now are today's purchases of HRB and MIK. I am still short small quantities of PNRA, JPM, C, COF and QLGC in my position account. I also own some GFI and NEM from a couple of weeks ago. Thanks for your incredibly insightful posts. TP