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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (10655)	11/20/2008 12:56:39 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 33421

2 years ago I would likely have shit myself at a 5% down day and now I don't give them a second glance. Do you suppose we've become numb?

To: The Ox who wrote (10655)	11/20/2008 1:07:12 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Ox, don't do that to me....you make me want to grab a couple of xanax and head for my couch to calm my nerves in the glories of slumber. Lot of big volatility days. we hit my price target so I'm bullishly inclined. Risk/Reward seems to be for equity longs. John

To: The Ox who wrote (10655)	11/20/2008 1:32:47 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

well, it turns out that my fear juices don't count right now. I am about 95% cash right now and have been for several months. As JP suggested in his post, it seems like too many people are looking for the bottom, myself included. I do think that the extreme volatility is definitely wearing down even the most hearty investors, but I would still like to see something that exceeds the 9/29 and 10/15 numbers to get a real capitulation day. But, it may never come...maybe the market is going to throw a curveball and just do the death by a thousand cuts instead of a bullet in the head.