Market Cycle

[riverbabe]

Courtesy of RevShark of TheStreet.com
Chronicle of a Market Cycle

1. It's a break out - load up the longs!
2. Yes we are extended, but buyers are still scrambling to get long.
3. Overbought markets can get even more overbought.
4. This market isn't going to give you a chance to buy, so you better chase it.
5. This is the best market ever.
6. This time it's different.
7. A pullback is healthy. We needed a rest after this big run.
8. This weakness is a buying opportunity.
9. Here's the bounce!
10. This pullback is a buying opportunity.
11. We should bounce anytime now.
12. A bounce is coming very soon.
13. This weakness is a buying opportunity.
14. We should find support anytime now.
15. I thought this was the best market ever?
16. We are never going to go up again.
17. This is the worst market ever.

[IIC]

Courtesy of RevShark of TheStreet.com
Chronicle of a Market Cycle

1. It's a break out - load up the longs!
2. Yes we are extended, but buyers are still scrambling to get long.
3. Overbought markets can get even more overbought.
4. This market isn't going to give you a chance to buy, so you better chase it.
5. This is the best market ever.
6. This time it's different.
7. A pullback is healthy. We needed a rest after this big run.
8. This weakness is a buying opportunity.
9. Here's the bounce!
10. This pullback is a buying opportunity.
11. We should bounce anytime now.
12. A bounce is coming very soon.
13. This weakness is a buying opportunity.
14. We should find support anytime now.
15. I thought this was the best market ever?
16. We are never going to go up again.
17. This is the worst market ever.

That's sorta cute Riverbabe.

However, I'd pretty much consider the Shark as a P/D kinda guy.

For those so inclined...Here is his Free stuff http://www.revsharkblog.com/

But for those who want to throw out 500 bux a month to be late to the party...You can go here http://www.sharkinvesting.com

But I will give him and Scott credit...They certainly know how to take money outta people's wallets...LOL

[lemonjello]

He's an interesting guy. If you haven't heard his story it's sort of inspiring -


Rev Shark blog
11/22/2006 12:41 PM

During the hustle and bustle of the holiday season, it is easy to overlook what the festivities are all about. Aside from enjoying the time with family and friends, it really is a good time to reflect on the many blessings we have in our lives.

One of the biggest blessings in my life has been the stock market. The market hasn't just provided me with a little extra money; it dramatically changed my life. I've written a little about my personal story every Thanksgiving since I've been at RealMoney.com, and many of you are familiar with it already. So I hope you don't mind the repeat.

Back in the early 1990s, I had business and law degrees from the University of Michigan under my belt and had gained a CPA certificate after working for two international CPA firms. I was struggling to build a law practice in Ann Arbor, Mich. As far as I was concerned, the stock market was nothing more than an occasional news story and the repository for some minor IRAs I glanced at once a month or so. That soon changed.

As I went about trying to develop my law practice, I had to continue dealing with a rather annoying problem. My hearing was less than perfect, which made it tough in courtrooms where acoustics were poor and in conversations with people who mumbled, or in noisy places.

It wasn't that big of a problem, but it suddenly started becoming much worse. In a matter of months, I no longer could talk on the telephone and eventually was reduced to having people write notes if I wanted to understand them.

The inability to effectively communicate simply doesn't work when you are trying to practice law. I was soon forced to close my law practice and lost virtually everything I had, including my marriage.

At that point I was depressed, lost and had no idea what I was going to do with my life. Luckily, I had a small disability insurance policy through the state bar association so I could pay my rent and buy food. But things looked pretty darn bleak.

Because I felt so isolated and had plenty of free time, the just-emerging world of the Internet caught my attention. I signed up for some of the early services such as Prodigy and Compuserve and began exploring what they had to offer. One day, I stumbled across the stock market discussion boards on Prodigy and my life began to change.

What I found particularly interesting were the emotions and psychology involved as people discussed ways to make money in the market. This wasn't about analyzing financial statements and studying financials, like I was taught in business school.

It was about understanding the feelings and emotions that drove investors to sell and buy various stocks. I found the whole thing fascinating, and here were hundreds of people to help provide some clues as to the emotions surrounding various stocks.

Eventually I set up an online brokerage account with the last of my meager savings and I started to trade. My primary focus was to think about the market in a totally different way from what I had been taught in school, and to trade the other traders rather than the stock itself.

When they were highly emotional and feeling good, I ran with the crowd. When they despaired about the lousy market, I was sitting on the sidelines in cash.

I read everything I could about the stock market and studied it constantly. I was slowly developing my approach and seemed to have a knack for picking stocks. My little account was starting to grow, and I worked even harder at teaching myself the nuances of the market.

The late 1990s until 2000 was an ideal time for a fast-moving, momentum-style trader, and that is exactly what I was. My account doubled and tripled, and I soon was making many multiples of what I had made when I practiced law.

Perhaps it was the insecurity I felt from the experience of suddenly losing my hearing, but I was tenacious in protecting my capital while I tried to grow it. That wasn't always the best approach when the market was going nuts to the upside, but it sure served me well when we finally topped out in early 2000 and the plunge began. I not only held on to my gains but profited well by staying patient and playing some of the subsequent bounces.

My story continues from there and I won't bore you with more details, but I think I can say, without any danger of overstatement, that the stock market has been extremely good to me. I never dreamed that losing my hearing would turn out to be the catalyst for something so positive. But if it hadn't happened, I'm sure my life would not be nearly as positive and satisfying as it is today.

All of us face our share of problems and challenges, and it is extremely important to keep in mind that life has a way of working out if you don't give up. The fact that some deaf guy who couldn't get a job at a fast-food restaurant ended up getting rich in the stock market is a pretty good example.

Don't forget to give thanks this Thanksgiving.

That's sorta cute Riverbabe.

However, I'd pretty much consider the Shark as a P/D kinda guy.

For those so inclined...Here is his Free stuff http://www.revsharkblog.com/

But for those who want to throw out 500 bux a month to be late to the party...You can go here http://www.sharkinvesting.com

But I will give him and Scott credit...They certainly know how to take money outta people's wallets...LOL

[riverbabe]

Doug - what does P/D mean?

Lemonjello - just donated my about-to-expire Delta frequent flyer miles to the Fisher House Foundation to provide transportation to family members of our soldiers in Afganistan and Iraq in case they are ill or injured. This struck me as being the least I could do. Anybody else want to participate? Delta takes care of the transfer. Riverbabe

[mimo_100]

Doug - what does P/D mean?

Lemonjello - just donated my about-to-expire Delta frequent flyer miles to the Fisher House Foundation to provide transportation to family members of our soldiers in Afganistan and Iraq in case they are ill or injured. This struck me as being the least I could do. Anybody else want to participate? Delta takes care of the transfer. Riverbabe

From your Northern Ohio neighbor - I assume he means Pump/Dump (boast about a stock to people, if it goes up he Dumps it)

[riverbabe]

From your Northern Ohio neighbor - I assume he means Pump/Dump (boast about a stock to people, if it goes up he Dumps it)

Thanks mimo_100. Hadn't seen it as P/D before so didn't recognize it. I kinda thought he had more integrity than that. He comes across as an honest lawyer. LOL!

Mimo, are you anywhere near Cleveland?