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Old 07-27-2004, 09:25 AM  
TheJimmy
ICQ- five seven 0 2 5 5 0
 
Join Date: Jan 2001
Posts: 10,747
Quote:
Originally posted by scoreman
The investors you are describing above are not part of the smart money class of investors. Not saying that I am part of the smart money either, but one thing I do know is to get cautious when the herd all wants to move in one direction. History has shown time and again that the herd may move in the middle of a trend with force but gets chewed up horribly at the top and bottom.

my father who used to trade for a living used to refer to that as 'pigs going to slaughter' or something of the sort...


lately he's been trying to talk me into learning more about point & figure charting...as soon as I get some spare cash I think I'm gonna start playing...seems much more fun than buying clicks
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