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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: Dave Gore who wrote (36501)	3/20/2002 2:14:28 AM
From: Johnny Canuck	Read Replies (1) of 68009

Dave, I have actually been suggesting that to my brother in-law who just does mutual funds right now. Fortunes are made in economic down turns. Even at a modest 10 percent increase on average will give you a double in 7 years. I have seen people do well just buying INTC,MSFT and CSCO every time the market crashes. You just keep averaging in and you ignore the market the rest of the time. Statistically, every stock correct on average 50 percent every 18 months on the COMPX if I remember right. The interesting thing about the QQQ's is they balance it for you every year. Out go the dogs and in come the high flyers and you don't get to do that on too many individual stocks. The assumption of 5000 in 20 years might be a bit of a reach. The last decade has been unique. I don't know that we get the same conditions again (high growth with low inflation). I have to look at some longer term graphs of the DOW as a comparison when I get a chance.

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