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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated -- Ignore unavailable to you. Want to Upgrade?

To: AMF who wrote (191)	10/30/2003 6:39:22 PM
From: Mathemagician	Respond to of 2955

This time, however, I'll be booking profits! That's why I'm in the "there will be another downleg" camp. I believe that most of the investors who were in the market during the are going to have an "itchy finger on a hair trigger" mentality about taking profits. Just about everybody is back long by now and each one of them has a stop loss in, be it technical, fundamental, mental, emotional, or whatever. As soon as the market shows signs of turning down all those investors are going to want to exit their positions and they're going to want to do it all at once. Based on this, I anticipate a buying climax as the last of the buyers rush in that takes us sharply higher and then a grinding, accelerating decline. Of course, I don't trade my opinions so you can take them for what they're worth. FWIW, my systems (and my accounts) are long the stock indexes and I have learned to trust them over my own judgement. :) <font face=wingdings>e</font>