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I agree many are not in it for the LONG TERM as you say. And the
second half of my post responds to that idea.
But are you going to base your option plays on posts that I have seen
with the market suggested around 6500 or so?
I say that is a coin flip and TA alone is not going to give the final
answer, IMHO.
Respectfully,
John
------------------ Reply Separator --------------------
Originally From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
Subject: RE: [RT] short term top
Date: 10/20/2002 12:41pm
BUT JOHN, many of us are NOT IN IT FOR THE LONG TERM.
We are looking 2-8 WEEKS out.
A great time horizon for option plays.
> -----Original Message-----
> From: John Cappello [mailto:jvc689@xxxxxxx]
> Sent: Saturday, October 19, 2002 7:46 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] short term top
>
>
>
> Holey Moley!
>
> With all due respect,
>
> For people in this for the long term who cares? Is anyone going to
> adjust their whole portfolio on the basis of what "irrational
> pessimism" that I read upon my return.
>
> I can flip a coin and be right as often as the TA here has been
right
> about various markets.
>
> This market abounds with opportunity...some long and some short.
>
> Fundamentals are getting sounder for a lot of stocks. Buy
>
> Fundamentals are strong in several commodities. BUY
>
> Where the opposite is true, just Sell.
>
> Where the technicals agree with the fundamentals, play it
accordingly.
>
> The longer I keep an open mind, the more money I have been able to
> make.
>
> How about a little balance in the market posts...when it gets so one
> sided I think there is a good chance that the majority can be wrong.
>
> Shared with impartiality,
>
> John
>
>
>
>
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: delta88343@xxxxxxx
> Subject: Re: [RT] short term top
> Date: 10/19/2002 06:20pm
>
>
> In a message dated 10/19/02 5:06:19 PM Eastern Daylight Time,
> prosys@xxxxxxxxxxxxxxxx writes:
>
>
> >
> > So, this is what you are saying ?(attached)
> > We could get back to the August highs then in a "C" wave move ?
> > This definitely has some merit. Frustrate the shorts, suck-in the
> longs.
> >
> > What I'm refering to on the chart is that we are going to decline
> into the
> vicinity of 11/11. The strength and duration of that decline could
> tell alot
> of what will happen thereafter based on what cycles exist beyond
that
> point.
> Because we have a cluster of 3cycle lows in close proximity, I would
> not be
> surprised if it's a strong move.
>
> We have recieved some good earning news. It was a good reason for
> some
> buying...now that the market is propped up a bit, it's a good reason
> to
> sell...We'll see. It's a volitile market period.
>
>
>
> We have however retraced over 50% of the move from 8/22 to 10/10.
>
>
>
>
>
>
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>
>
>
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>
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