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

To: Suresh who wrote (8447)	11/13/1998 11:09:00 AM
From: Tom Trader	Respond to of 44573

Hi Suresh >>for this frothy market.. throw out the fundamentals and start listening to OJ's hands... << I am sure that you said that tongue in cheek -- but I have over the years learned to avoid these bouts of euphoria no matter what the sector -- though I will agree that the internuts are just a great trading sector -- if one is on the right side of the sector. EWBX is now in the 80s and I could have picked it up in the 30s!! The interesting thing is that there was a piece on one of the channels which showed how people loved to shop on-line --better prices and avoidance of the crowds. Now this is contrary to my first hand knowledge of the people that I have known --especially women -- for whom on line shopping would almost defeat the reason for shopping -- you know how it is -- going to the mall and to shops and touching and feeling things, even if there is no intention of ever buying the stuff!!:) >>you haven't seen anything yet...until you have seen today's AVCO action.<< Don't know if you were around at the time but it reminds me of IDID -- that was the top during the massacre in the summer of '96 I guess at heart, despite my proclivity to trade the futures and write options, I am at heart a value player and a bit of a contrarian -- right now, I suspect that the values are in Asia!! Regards