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Strategies & Market Trends : Bear Market Momentum Investing -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (204)	11/14/2008 2:59:22 PM
From: jmiller099	Read Replies (1) \| Respond to of 248

You like that word 'hope' <g> I am in your boat, I am obliged to buy NOK at 16. Ouch!

To: Smiling Bob who wrote (204)	11/14/2008 3:30:09 PM
From: Perspective	1 Recommendation Read Replies (1) \| Respond to of 248

Don't you boyz get it? It's a bear market! <G> What in the world are you doing going long? I don't care how much of a rally you see coming, trying to ride it is even more challenging than trying to short a top in a bull market. The risk/reward is pretty dismal. In a bull, buy the dips. In a bear, sell the rallies. But always keep on the right side of the macro trend, so that time ultimately bails you out. Just doing that alone, you can post double-digit returns annually and whip 95% of the Wall Street pros. And I challenge anyone to show that the additional effort of trying to catch every swing of 10% actually yields any improvement in long-term returns. There would be scads of billionaire traders if it worked. Just my advice. `BC