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Strategies & Market Trends : Dow Dogs, Foolish Four and other market-beating strategies

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To: chartseer who wrote (17)	7/31/1999 10:39:00 AM
From: Susan Saline	Read Replies (1) of 82

>>>As a convinced PnF chartist this would tend to make me believe that the stocks are headed lower I hate to hear you confirm ... what I've been trying to push out of the back of my head. history can hurt ... fakeout bounce sometime in August ... down down down till mid Oct. knew it was coming ... ignored the signals ... many stop losses taken at 40% .... bad ... but they will be going lower yet ... many will see 75% haircuts before this is over. a few will rally to new and seemingly unending rally's only to fall tatally back to their original trend lines. come Jan end ... we'll all be in the money again. am going to start working on a list of stocks that are headed down ... and going even lower til Oct ... then be ready wish lots of cash for the 'sales' trying to bottom fish ... like NITE and NTBK and TWE and many others is a waste of time and money right now. not usually in bear mood ... but when the light goes on ... ya have to be able to see and acknowledge. sigh

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