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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (13727)11/28/2000 1:06:39 PM
From: James F. Hopkins  Read Replies (1) of 18928
 
I'm one of those Waiting; I have some long positions
that I haven't sold but only because they have CCs written
on them.
The overall market is in a downtrend and rotation is not
going to work in a downtrend , a few sectors go up but
they eventually concede the gains they made at the
expense of what was sold to get in them.
I called it a stealth bear market some time ago, and
I should have paid more attention to what I was saying.

Rotation can work in an up trend; but in a down trend
it only makes putting in a bottom take longer.
If the beat up Nasdaq does look like it's bottomed
and starts up then all those swing traders will try
to take profits from what they can to jump back into
tech. It will cycle until every thing drops at one time,
and it will nickel and dime the swing traders until
they run out of money.

I liked to choked this morning when I saw a A.G. Edward's
anal cyst recommend that people get out of "fixed income"
and go to stocks. I had some respect left for A.G. Edward's
until I heard that. Fixed income has already taken a
huge hit and if it keeps going down then the broad
market is going to die. But he wants them to rotate,
at the worst time there is to rotate what a crock of shit.
Jim
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