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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (2872)	8/31/1998 3:34:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

As I read the posts by some of the people who have been talking about buying this dip what comes across is that people are assuming that this is a correction like the ones that we have had over the past couple of years. If it is, buying the dips will work--otherwise, it will turn out to be a costly experience. Let's face it, what we will now see is that when the market rallies people will want to sell into the rally--and that will cause the rally to be short-lived. Like I posted a couple of times elsewhere, the market being a discounting mechanism, is discounting some thing -- and unless one knows what it is it makes it difficult to know what is a reasonable price. And yes, oversold levels mean nothing in an environment like this just like over-bought levels did not mean a whole lot when the market was headed relentlessly higher. But to echo OJ--"cash is king"

To: Patrick Slevin who wrote (2872)	8/31/1998 6:22:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

980?? See that chart I posted here on Friday I think(??) BTW...throwing knives...making them stick now that's the tricky part!!! OJ...of course Pat is HAPPY...but getting excited,that will cost you $$$!!! Besides...if he looks all excited and stuff his wife will dog his ass and make him skip golf or something and take her shopping for that new Beamer Z3 she's been eyeing or maybe some new Tera cards :-) ps..I was gone all day, enjoying the last few days of summer and visited the Butterfly conservatory in Niagara Falls. It was pretty cool..pics at 11. Still, 100% short via Rydex..and like Tom's system a buy signal is not gunna happen here soon.