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Strategies & Market Trends : Group Therapy

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To: E. Graphs who wrote (2830)1/18/2001 1:14:25 PM
From: country boy  Read Replies (1) of 4564
 
Hey E:

Glad to see you're back as well. I don't want this thread to get too optimistic, but it IS nice to see buying into every weakness the last week or so. Look at the SOX; seems to have broken the downtrend and may yet lead up techs. We're building the right side of bases on many charts, but no breakouts to new highs yet. With oil now under 30, the Fed in ease mode, and most stocks still oversold, I find it hard to be pessimistic in the short term. Lots of big earnings to go and so far, not bad.

I'm tempted to trade out any profits, but the environment may now have changed such that buy-and-hold may be the best way to go, with stops just in case...

best to all, cb
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