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In reply, I think that anyone who survives or thrive trading between Jan,
1994-Dec 1994
and Aug,1997-Jan1998 will survive or thrive during down periods. IMO, these
periods can be consider "bear" market conditions in a secular bull market.
Also, if you look on the daily charts and compare the 2 periods, you can
see a similar pattern bewtween the 2. Please keep in mind that an interest
rate hike in Jan 1994 and the asian crisis "knock" the bull from its run
for these periods of time.
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>So many of our tendencies as traders are learned early
> in our career [hence the old saying you can't teach old dogs...] and
> so I always scratch my head when people that have been trading for two
> or three years talk about how 'they are making tons of money and can
> make money in any market conditions.' Some of them even talk about how
> they survived this crash or that crash. I wonder, silently, to myself,
> what they will do when these markets turn and become down-trending
> trading markets, which can be entirely different animals.
>
> Tim Morge
>
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