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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (5927)	2/10/1999 7:52:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

<If and when I get complete confirmation that this bull is dead. I will help you pound that last nail in its coffin. I just don't want to get gored by a resting bull.> Sage Advice. Many of us can speak from last October's personal experiences about the importance of that last statement. -g- Cheers, TW

To: StockOperator who wrote (5927)	2/10/1999 8:33:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockOperator, >>>>> If and when I get complete confirmation that this bull is dead. I will help you pound that last nail in its coffin. I just don't want to get gored by a resting bull. <<<<< You do have a valid point, and thats why Im not underestimating it and will still trade upswings, which I am about to do not since I got out of my PUTs yesterday. However, I dont think that we will ever get complete confirmation that this bull is dead. Just go back to the big pullback last year. When the market was dumping hard, many felt the BEAR was confirmed, and guess what happen - we shoot up. The DOW dropped from 9300 to 7400 which is 1900 points. So what is required to confirm that the BULL is dead - a drop of 3000 points first. By the time many admit that the BULL is dead, it may be time to buy. My position is why chase the BULL or the BEAR? I have adapted my investment strategy to a TRADING MODE going after the ripples and so far so good. Hey, many of the BIG BOYs are trading and they readily admit it - why cant we. My impression is that the majority of the mutual funds are in trading mode right now, at the same time some of them are telling the small investor to hold if their time horizon is long term. That is good advice if the BULL is still in force, but why dont they live with their own advice since most of them do say that the BULL is in force still? Do I see strong bearishness in the future, yes - but I will not allow that to make me one dimensional in the sense of only shorting. I will probably be initiating a small CALL position today on a few stocks looking for a small gain. Hey, if this rebound is strong, at least I will be in position to be able to decide to hold longer or not. Frankly, I will admit that I almost always get out too early but my entry is quite timely. I feel that for the time being, until there are more technical signs confirmating a trend in either direction, the best strategy is to trade with conservative/cautious targets. Seeya