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TJ:
Here...let me help out. If someone asks me if we are in a bear market now, I'd
have to ask them what time frame. 15 minute chart, yes. Hourly? Yes. Dailly?
Yes. Weekly...hmmmm..monthly? Errr Yearly...not yet...In other words, if we take
the level of the dow or SP when this whole bull market began in the early
1980s...we have a long way to go before we break through significant retracement
from our recent peak...a long way to go. Does that mean we are still in a bull
market? depends on the time frame again.
As far as predicting...I figure if we fall to just around 450 SP area, we'll be
back at the level when I last 'felt' comfortable with the rising levels of
stocks. So who cares what anyone thinks? As you and so many people have no said,
just trade what's there.
Best,
Tim Morge
Trade Jack wrote:
>
> seems like some can't separate opinion, ie, ego, from trading. at
> least that's the way it appears to me. i'm just tryin to put the
> "fun" back into fundamental analysis.
>
> if i believe that we are in a correction of an ongoing bull market, so
> what? and more importantly, who cares? i surely don't. an opinion is
> just that, an opinion. sorry, bears, but the "proof" i've seen so far
> is of a "been there, done that, heard this, seen that" variety that i
> experienced before, on, and after meltdown monday, 87. this puppy
> could drop to 5800 dow or 740 s&p, and still be a big bad bull,
> wounded, maybe, but still alive.
>
> but i digress; enough of this fundamental stuff. i agree with jimbo.
> this is a great time to be a trader with fantastic large daily ranges
> and profitable trading opportunities all around. who gives a whit
> where this market's headed, up, down, or sideways; a trade is a trade
> is a trade. now that's fun!
>
> TJ
>
> i buried my ego a loooong time ago; now i just go with the money flow
>
> ---Jim Cox wrote:
> Could not even care one little bit where this market is headed. My
> indicators tell me what to do, day in day out. Don't have to try and
> understand this...or come up with a reason.
>
> IMHO, trading the SP and DJ is the best business to be in right now.
> Little investment, virtually no overhead, no employees, and the
> ability to win no matter what the market does.
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