Ask DrBob Message Board - Msg: 14920631

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Strategies & Market Trends : Ask DrBob

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To: gongoman who wrote (15488)	11/30/2000 8:36:35 PM
From: Drbob512	of 100058

gongoman: I think waiting a couple of quarters would miss a good buying opportunity that should occur in December. But I am hesitant to go long with any authority now, because we have not had a bona fide selling climax, and the technical indicators do not look much better than the charts... I have not liked the risk-reward ratio from the long side since I got out in July. I missed the August rally, but also missed the Sept/Oct/Nov massacre in techs. I have nibbled a little on both sides, and now am waiting for a climax or bullish divergences to encourage me to go long with conviction...

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