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Strategies & Market Trends : Group Therapy

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To: Duane L. Olson who wrote (2936)	2/1/2001 2:38:58 PM
From: country boy	Read Replies (1) of 4564

DLO: Hope you're right. I don't want to fight the Fed---did enough of that last year and have the scars to prove it. Yet, I'm super cautious. The long and intermediate trends are still down. We've only just turned the corner on a day to day basis and I'm reluctant to fully commit yet. We're not seeing a great deal of selling today, for sure. Looking ahead, I don't see any good news to propel my basket up if yesterday's news won't do it. I'd expect more recessionary bad news on the other hand...perhaps the best strategy is to be in half way or better and keep rigid stops in place. For instance, my IDTI was stopped out yesterday at 49 3/4. I bought back today at 45 3/4. cb

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