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If you cut the end off of a blanket and sew it back onto the other
end will you have a better blanket? Buy, sell as you like, whether it
is a time to buy or sell something depends on the trader his system
etc. From your post it sounded like you wanted only to hear buy
recomendations from some pros. That precludes sell or stand aside
recomendations. I know nothing about your other posts. I stand by my
answer, if it is still in a downward channel don't put on trades
going the other way unless maybe you are spreading or fishing with
options and have a very thick wallet.
--- In realtraders@xxxxxxxxxxx, "Dom Perrino" <domenick@xxxx> wrote:
> 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@xxxx>
> 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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