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Agree with all. Only I've had my fair share of market crashes in my trading
life, and on those occasions, you can't do anything. so grow more cautious. As
for net valuations, absolutely right to stress this is a huge shift in our
history. Now, every major revolution has also occasioned the same pattern:
growing fantasy over the years, to the point of becoming huge and making up 50%
of market cap for the new technology of the time alone.Like now, when a cab
driver begs me for a hot tip rather than a fare... Yet a few years later,
everything reverts to normal, except for the few real winners... I enjoyed the
ride, but really prefer to increase my treasure chest. I don't have to make
money every day. Last year I made it all in 3 months. there is no hurry, only
opportunity all the time. I prefer picking the few I find best. Nevertheless I
still have substantial exposure in chinese, japanese and indian net... they are
still early in the cycle.
:-)
Gwenn
rlopes wrote:
> I think what you've said here is right on target. I have missed my fair
> share of profits from this same type of analysis. I believe this idea of
> "overbought/Oversold" is hogwash. Where else in life does one come across
> the notion that something is "overbought" or "oversold" This only comes
> from tech analysis of the markets and whoever came up with this notion has
> gotten a whole lot of people to buy into this. Let's look at what is
> ACTUALLY happening here. The Nasdaq stocks are going up. If this is indeed
> the infancy of the building of a global network of communication and
> business, and these products are on the verge of becoming main stream
> globally, then who can say what price these companies supplying the
> infrastructure can go to? As I look around networked communications have
> just started to be built. The tech stocks are giving a CLEAR signal, this
> sector of the market is still going up. Our jobs as traders is not to lead
> the market but to follow and adjusted as we SEE conditions change. I
> believe it was Pablo Picasso who said, " If only we could pull out our brain
> and use only our eyes."
>
> Just thinking out loud
> Good trading,
>
> Randy Lopez
> ----- Original Message -----
> From: "Phil Lane" <patterntrader@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, February 25, 2000 6:13 AM
> Subject: [RT] Re: There is always "a morning after"
>
> > Just to show you what can happen, a friend of mine was doing great in
> stocks
> > back in the early 90s. But suddenly he decided the market was too high and
> > sold out. Has been out ever since!
> >
> > rgds phil
> >
> >
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