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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (93238)4/13/2000 6:30:00 PM
From: Doug Robinson   of 120523
 
You are 100% correct concerning IBD's entry being what I call "late to the party". I recommend them because Bill O'Neil's approach works very well, is simple to use, doesn't have a lot of either/or conditions and is supported everyday via IBD. It's one that is relatively safe and provides one with the freedom of doing something other than following the market throughout the day.

For the vast majority of investors, I think it's important that they either develop a strategy or use one that has historically worked well. Bill's entry at "pivot points" during strong uptrends will serve those that don't have a strategy quite well. Much of it's success is based on breakouts after much of the selling resistance has been taken out. While it's "late to the party" one is assured that they are arriving at a "good, maybe great party". It's a very easy system to implement and it provides an easy exit strategy when things don't go the way one hopes they will.
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