|
PureBytes Links
Trading Reference Links
|
On the dot Preston.
Exactly the issue which should be the focus of our
attentions, how do we trade the present circumstances.
While Dusant may be worried about the fall out of the
present goings on, I would very humbly submit, it is
as Pring says no more than a correction to all the
excesses of the past. Given the quantum of the
excesses the correction is also of equally severe
proportions. That is all there is to it. So do we need
to get exercised over it? Not really if we are traders
with accss to free and open markets.
The problem for us Indians is we dont have this
privelege given all the baggage of our socialist past,
which we still carry. That however is besides the
point, the fact still remains markets are self
correcting, and continually evolving - free markets
that is. We just need to know as Preston put it very
aptly-how do i trade it(the current scenario).
So why shudder?
Rakesh
--- Preston Umrysh <pumrysh@xxxxxxxxx> wrote:
> Guys,
>
> Not to add to the quagmire here but Alan Greenspan
> called
> this "irrational exuberence". Doesn't matter what
> its called as long
> as we can first identify it and second capitalize
> from it without
> being taken to the cleaners.
>
> Cool, I feel for you! Let's hope that cooler heads
> will prevail and
> we won't see an international world that is all torn
> apart.
>
> Each of you have very valid points. The question in
> my mind is how do
> I trade it?
>
> P
>
>
> --- In Metastockusers@xxxx, "Lionel Issen"
> <lissen@xxxx> wrote:
> > Pring:
> >
> > The chaos that Dusant refers to is not the same as
> mathematical
> chaos. I
> > think that Mandlebrot chose a poor word when he
> called his
> mathematics
> > "chaos theory". He should have called it
> something like "abrupt
> change
> > theory". In your email you are nitpicking,
> incorrectly, at someone
> who is is
> > very knowledgeable and perceptive.
> >
> > Lionel Issen
> >
> > -----Original Message-----
> > From: Pring [mailto:pring99@x...]
> > Sent: Friday, October 04, 2002 12:22 AM
> > To: Metastockusers@xxxx
> > Subject: [Metastockusers] shudder - why???
> >
> >
> > Dusant,
> >
> > First of all, interesting choice of words -
> "chaotic
> > conditions". Bill Williams describes chaos as a
> > "higher sense of order".
> >
> > With that in mind, stop and think for a minute
> about
> > the excesses that occurred in the last bull
> market.
> > It was out of control to say the least. People
> who
> > knew nothing about trading could toss a dart and
> make
> > money on some internet stock that was doubling in
> a
> > week - on a company that never turned a dime in
> > profits. People's retirement accounts were
> advancing
> > beyond what anyone had ever experienced.
> Valuations
> > were off the map.
> >
> > What did you think was going to happen to that
> kind of
> > market?
> >
> > Take a look at the attached MS chart of the S&P
> back
> > to 1985 (that was all the data I had). You can
> see
> > that all we are doing is returning to a sense of
> order
> > here.
> >
> > So, my suggestion is still to lighten up and flow
> > along with the market. Smile a little!
> >
> > Pring
> >
> > _____________________
> >
> >
> >
> > Point 1)
> > Its not because of "my" Fib Projections that we
> are
> > witnessing chaotic
> > conditions. Its because of the chaotic
> conditions
> > created that
> > (probably) the Fib Proj could come true.
> >
> > Point 2)
> > Is it not what public opinion is all about? Why
> show
> > my chart to your
> > Representatives? Think about the enormous loss
> of
> > life and damage to
> > property these actions are going to cause!!
> >
> > Pring, I can take a dig at myself, no issues
> there.
> >
> > Frankly, however, this matter does not make me
> > smile.
> >
> > Dusant
>
>
>
> ------------------------ Yahoo! Groups Sponsor
>
> To unsubscribe from this group, send an email to:
> Metastockusers-unsubscribe@xxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
>
>
__________________________________________________
Do you Yahoo!?
New DSL Internet Access from SBC & Yahoo!
http://sbc.yahoo.com
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Plan to Sell a Home?
http://us.click.yahoo.com/J2SnNA/y.lEAA/MVfIAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|