Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (4120)	2/9/2002 12:05:51 PM
From: Cush	Read Replies (2) of 5144

<font color=green>The Indexes - Weekend Edition Charts are updated on my web site, under Index Charts. www3.sympatico.ca Gold Index is up 35.25% Year-to-Date. Nasdaq is down 6.74% Year-to-Date. Saw a bit of an interview with Ace Greenberg, last week on CNBC. I may have this all wrong, and at best I'm paraphrasing. Asked about the most common errors he saw investors make, he said (something like)- The most common error is doubling down on their losers and selling their winners. I know there are platitudes for every taste, but I think sometimes these pearls are like old wives' tales. There are some truths learned from experience. I think Ace used the example of doubling down on a company like K-Mart. He said the danger is, you may end up owning the entire company. So, I'm trying to watch the longer-term (weekly) trends for clues, though I'm not ignoring the Daily's. I have just printed and put side-by-side the Weekly Dow and the Weekly Nasdaq. The Dow Weekly is in a downtrend. The Nasdaq Weekly is in a downtrend. Neither chart suggests (to me) a bullish turn is imminent. Charts aren't always right. One hopes they're right a winning percentage of the time. Most of my investing is based on charts, and these charts continue to suggest that extreme caution is warranted. Cush

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