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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1591)	1/7/2004 1:09:24 AM
From: mish5000	Respond to of 3432

Right Mish, I 100% concur that nothing is impossible in these markets. They are completely dynamic and will do exactly as they please. What I have learnt over the last 5 - 6 years is that it is important to be flexible and adapt to your given environment. Just over a year ago I was still very bearish, however when I saw the developing change in trend, I abandoned (albeit both reluctantly and cautiously) that frame of thought and went with the proverbial 'flow'. Why wouldn't I? Sure I could sit on the sides and beat my 'bear' drums until I'm blue in the face and deaf in the ears - but if no one is listening - who am I to tell the market what it should and shouldn't do? You say you are waiting to sit it out until it looks safer to short - why? The market works both ways and you are missing some great trading opportunities on the long side (until the trend changes).... We were at 5000 a few years back and hit 1200 not so long ago...We are now at a hair over 2k, and I believe there is still PLENTY of upside potential left before a significant counter trend develops. I just can't understand why people insist on fighting a trend - that's all...Good luck...