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To: waverider who wrote (11216)2/10/1998 10:29:00 AM
From: SJS  Read Replies (1) | Respond to of 95453
 
We should start to call her "the Divine Ms M".



To: waverider who wrote (11216)2/10/1998 11:29:00 AM
From: Ms. X  Respond to of 95453
 
Diamond, thanks...
There is a saying, "Never confuse a bull market with brains". Working a down market is inherently more difficult than an up market. It takes what Tom Dorsey calls "an artist, a craftsman".

I think the reason for this is because we believe in order to make money a stock has to go up. Actually, if you play a bear market correctly you have a higher percentage of making money than in a bull market. Sounds strange I know, but if you think about it, stocks go down much faster than they go up.

I watch the indicators closely and let them tell me what is going on. I don't owe my correct calls to any brilliance on my part, I just know how to read the indicators and to trust them.

I'm glad you are studying the book. Rethink signing up for the site. I learned by checking charts continuously. Invaluable.

Take care,

Jan