Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (35243)	5/2/2002 11:39:01 AM
From: isopatch	Read Replies (1) of 52237

Terry. ST I'm not sure where the mkt is headed. Impossible to pinpoint the timing. At least it is for me. But, the salient point from this chair is that as soon as the mountain of retirement money that came into the funds (March and 1st half of April) is invested, the DOW and other broad market indices will resume more vigorous corrective action and make lower lows YTD in June, at the latest. Again it's important to stress this is a correction in a powerful Bull Market in my fav sector - energy. Only question, in my mind, is what kind of test do we get of the September lows. A higher low or a lower low? I'm content to leave that and the specific index numbers to the caprice of Mr Market<g> and limit my planning to sketching out the trend going forward. My basic strategy is just to stay on the right side of the trend and recognize the important pivot points as soon as possible after they occur. As long as I do that, the profits take care of themselves. Isopatch

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