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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS

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To: Andy Yamaguchi who wrote (140)2/13/2000 9:15:00 AM
From: donald sew  Read Replies (1) of 428
 
Andy,

>>>>> But it is has only 450 point to reach last OCT low. I think it is quite safe to buy if the DOW drop another 200 points. I don't think that the dow is go any further lower than the last Oct. 's low. Last Oct. at around 10000, there are strong institution buying. I will go into long next week no matter what happens. I will sell every thing around April 10. <<<<

There are 2 support areas for the DOW, one at the 10,300-10,350 range, and the other in the 10,000-10,100 range, and I also feel that one of them will hold.

I just finished my INDEX UPDATE, which is somewhat in line with your thoughts.

Its interesting to note your APRIL 10 date, since that is around the 3-month point of the 9-month cycle. The old belief is that that in a bearish market the 3-month point (APRIL 6) is near the top of the 9-mont cycle while in a bullish market the 6-month point(JULY 6) is near the top of the cycle.

Also we have the seasonal factor of buy in NOV and SELL end -April.

seeya
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