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Prosper, Since you may not have seen some of my previous posts, just to let
you know that I am not just interested in buying, I am interested in making
money.I let the market do the talking. ,and I try to listen to what the
market is saying. On 9/1/00 I posted a sell signal on this board and most
people know that I am still VERY BEARISH on the market. However, I do trade
rallies within that overall bear market. If you short at the beginning of a
bear market and cover your shorts at the end of the bear
market that ,in my opinion is long term position trading.It is the same as
the person who buys and buys more on weakness throughout a bull market.The
more meaningfull moves you can get, the more profits you should have. If we
follow the philosophy of those who have suggested to sell the rallies within
a bear market you are doing the same thing as those people who buy all sell
offs in bull markets. At least two things are happening in both
situations:1)They are averaging their position and 2) They are putting MORE
capital in the markets on each reaction.in the opposite direction, whether
bull or bear.In addition they then have to determine when a bull market or
bear market has terminated.Making this determination is much more difficult
,in my opinion, than reading the market on a shorter term basis.Commissions
these days being low what is incorrect about covering your shorts prior to a
rally and then reshorting .This way you can have your short positions and
your cash also.
Dom
----- Original Message -----
From: "Prosper " <brente@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Thursday, November 30, 2000 2:57 PM
Subject: [RT] Re: Time to buy????????????
> Seems that you want to only hear about buying, so buy your brains out.
> As for me I will watch the channels for evidence.
>
> Prosper
>
> > Aside technical indicators,fundamental
> indicators,ew,astrology ,gann, fibo.etc., and putting personal
> experience in the forefront.Let's get some input based soley on
> experience since I think that this election fiasco is throwing a
> monkey wrench in most indicators.
> > Is this a buying opportunity that some time from now we will look
> upon as a coulda, woulda,shouda ??? In my own past experience almost
> every time things looked as dismal as they do now it turned out to be
> a buying opportunity.
> > Let's hear from some heavyweights (and others).As a technician, I
> know it is hard to put technicals aside. Let's try ,we will be able
> to hear opinions without having to justify it with an indicator.
> > Dom
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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