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Strategies & Market Trends : Rande Is . . . HOME

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To: Paullie who wrote (30798)	7/28/2000 9:33:04 PM
From: DlphcOracl	Read Replies (4) of 57584

Paullie: I, too, expect a downturn below 3400. But I do not know if the market will turn at 3300, 3200, 3100 or 3000. I DO know that the day it bounces off of its "V" bottom will be one the best days in terms of percentage gain to be invested. To avoid missing that day (and the next several), I plan to "average down" beginning at 3300. At 3300, I will buy 1/3 positions in the stocks I've tracked that I want to own. For each 100 points the NASDAQ declines further, I will add a 1/3 position. I intend to be fully invested at 3100 (or higher if NASDAQ does not sink this low). My reasoning is that the stocks I (and most of this board) gravitate toward are the most volatile. By the time NASDAQ hits 3300, these stocks will be 90-95% of the way toward hitting their lows during this downturn. I want to be in them BEFORE they bounce, because when they do, they will spike 10-20% that first day. In short, the risk/reward becomes favorable for me at NASDAQ 3300; I'll take a 5-10% move further down to catch the 10-20% bounce up off the "V".

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