Quote:
Originally posted by heshy@Oct 4 2003, 07:27 AM
Nasdaq---3000 by december 2004
Shit can't stay down for ever.
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The thing that will hurt most investors is that they have not yet let go of the buy and hold mentality.
If the market simply swings in large distribution movements, the investors of the last 15 years will get whipsawed to death.
What if the market repeats what it did between the late 60's and early 80's?? Can you handle 16 years of sideways? This is what is more likely to occur after a euphoric rise and peak.
Fixing losses at "X" % has to be one of the wildet things I ever heard.
Either the market is telling you stay in a position or get out and it does not always do so at "X" %.
Market action is dynamic, not static.