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No question that our job as traders is to follow the market, however our
job as traders is to also evaluate probabilities. The markets are a
mechanism which discounts all known and anticipated news plus psychology
of the participants. Participants in tech stocks have gotten so bullish
that many of the prices discounts every bit of growth which might be
expected for a number of years in the future. There are already signs of
distribution in the NASDAQ. There are other places to trade and make
money without risk of a large and sudden reversal.
Earl
----- Original Message -----
From: "rlopes" <rlopes@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
Sent: Friday, February 25, 2000 8:20 AM
Subject: [RT] Re: There is always "a morning after"
> 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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