RE: Lessons Learned From Market Downturn

["Guy Tann" <grt@xxxxxxxxxxxx>]

We do have a mechanical system, Kent, and it hasn't given us the signal to
buy back in yet.  We're still waiting.  Unfortunately we got in a day early
on the short side, but are now doing quite well with the trade.

Guy


-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Kent Rollins
Sent: Thursday, May 04, 2000 10:39 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Lessons Learned From Market Downturn

"Yes, the markets really tanked.  I'm just fortunate I followed my trusted
rule of **always**  selling when the _____price of the stock_____ indicator
went below
_____stop that I entered when I bought the stock_____ level."

"Frankly, I don't plan on re-entering those particular securities until  the
_____lump in my throat_____ indicator drops below _____knot in my
stomach_____ again!"

You can't trade the markets mechanically like you're asking unless you have
a system that is a winner and if you had such a system, it would have told
you when to sell and when to buy back in.  Frankly, I think the bulk of the
selling is done.  If you listen to CNBC, you will hear that many fund
managers are totally confused on the markets or have large cash positions.
This is a good sign.  In addition, cash is still coming into the markets in
the form of savings.  This means continued upward pressure.  But probably
not like it was during the last 6 months.  I'm currently 115% long.  Of
course, historically that is a bad sign.

Kent


-----Original Message-----
From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, May 04, 2000 1:16 PM
Subject: Lessons Learned From Market Downturn



It's likely that over the past couple of months many here have had some
important lessons reinforced.

I'm hoping that some of you 'senior' members wouldn't mind filling in the
following blank lines....

"Yes, the markets really tanked.  I'm just fortunate I followed my trusted
rule of **always**  selling when the _____A_____ indicator went below
_____B_____ level."

"Frankly, I don't plan on re-entering those particular securities until  the
_____C_____ indicator rises above _____D_____ again!"

Thanks in advance for sharing your ideas.  I hope some interesting and
helpful discussion is generated from your input.

I personally am still a 'freshman,' and continue to look for these answers.

Nicholas