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To: Chris who wrote (8723)	5/18/1998 5:12:00 PM
From: David Weis	Read Replies (2) \| Respond to of 42787

david nods at you Yep, Chris.....that is WHAT I call a way to close the day!!! VBG

To: Chris who wrote (8723)	5/18/1998 6:09:00 PM
From: Chris	Respond to of 42787

post by bob g. =========== my thoughts: i think the key here is not to "listen" or even project tgt prices. they will "skew" your objectivity. listen to your signals - that's all. (my thoughts are not directed towards bobby in any way.) Talk : Puts/Calls : Waiting for the big Kahuna \| Previous \| ------ \| Respond \| To: bobby beara (18621 ) From: Robert Graham Monday, May 18 1998 4:53PM ET Reply # of 18658 Bobby, are you sure you are not confusing your exuberance with what you see as the market being ready for that substantial runup? Perhaps it is you who are ready for that bull run to beat all other bull runs? I find many people who are getting thrown around by market sentiment exhibit this tendency to confuse what they are thinking will happen in the market with the sentiment of the market itself. As far as the public speculator is concerned, I see them jumping on anything that shows life when given a chance. And as a trader, I think this sentiment driven approach this leads to trouble. IMO a trader does not have any sentiment at all. They just play what they find is there for them to play and do nothing more. They do make a judgement in what direction the market is heading, but many good traders do not predict how far and by what time this will happen. Because they realize this will undermine their trading efforts. Also they are willing to switch their position on a dime when they find themselves to on the wrong side of a trade. I am sure you already know this, so that is why I find you position about the market to be rather surprising and even amusing. No offense intended here to you personally, but over the past year I have found traders here at SI who started grounded to a method and discapline just to lose this approach to the markets as time went on. The "fun" and thrill of it all beckoned to them and moved them to riskier trades that they were not really prepared to make and were unnecissary since they already had a winning system. So that is why I am commenting on your obvious exhuberance. In this market, allowing yourself to be sentiment driven can in the end be very costly as a few traders that I know have found out. Some of these traders are part of the well-followed and most bookmarked group of people here at SI. So I think you find yourself in good company. Bob Graham