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Exactly .. You don't make as much when you wait for direction but you don't
wander around trying to find the license number of the truck either. :))
Bob
At 09:53 PM 9/23/99 -0700, Ira Tunik wrote:
>Sorry for the double posting.
>
>I remember in 1987 when the market makers had the same attitude some of
>you currently have. After the drop on Friday, they covered their
>shorts, the ones that were short, because they figured it was a bottom.
>Some sold overvalued puts, others bought calls that were going to take
>them to summer homes on Costa Del Sol. Then Monday Came. Bingo. No
>Costa Del Sol, No Money, and huge debts. It doesn't pay to try and out
>guess the market. Let it tell you what it is going to do. I also have
>support at 10,300 and a longer target at 10,100. But I will trade what
>I see not what I think might happen. Trying to front run the market can
>get you run over badly. Ira.
>
>
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