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

To: Casaubon who wrote (11965)	4/25/1999 11:42:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Casaubon, >>>> This could indeed be the beginning of world peace and shang-ri-la, but I don't buy it. I'm just going to sit out this phase of the market and watch and learn. If it's the beginning of "something beatiful" and a black obelisk appears and we all gather round and start beating our chests as a "new world" emerges, I will be join the party late (maybe sometime next year). This just doesn't match my assessment of reality. <<<<< So well put. It is the individuals choice whether they want to participate at different risk levels. You could be wrong and the market explodes to the upside from here and you will miss out on the run, but it was your choice/comfort level in dealing with the market. Those who are overly bullish will just say BUY-BUY-BUY, and if it goes further up they may remind you of how much money you loss. But they are not telling the truth because you did not lose any money, you only loss the opportunity to make money - AGAIN YOU DID NOT LOSE MONEY if the market heads higher!!!!!! My point is not whether the market moves higher or lower, its the point you made the decision of your own choice based on your risk tolerance level, which more people should do. Many just get consumed by the exuberant emotions of this market. I am directing my point not at the majority of SI readers since I believe they may have a good understanding of risk, but towards the average investor like the college students who are investing their tuition since they think this market can only go up and the many who recently left their jobs and who have not experience in trading the downside. seeya

To: Casaubon who wrote (11965)	4/25/1999 6:56:00 PM
From: HairBall	Respond to of 99985

Casaubon: Hey, when not sure caution is never a bad choice. For all investors, preservation of capital is never a bad move, unless you close your eyes and ignore an extended run. I always take my retirement funds to cash when I think a major turn is in the works, which is not very often. Upside potential must be properly balanced with downside risk. So, you leave a few chips on the table. Heck, it is always about risk to reward. The more the brokerages prep for big days, the more folks seem to be engaged in the activity offsetting the preparation. I doubt it will ever be a profitable situation for brokerages or exchanges to be prepared enough to handle the big volume days during times of panic. Keep an eye on the bull, if he runs and that is a possibility, join the parade. I suggest you always keep your toe in the water with a significantly reduced exposure using only speculative capital when in doubt. This will force you to stay keenly in tune. Regards, LG