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Technology Stocks : Full Disclosure Trading

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To: Return to Sender who wrote (8331)3/12/2004 8:00:08 AM
From: robert b furman  Read Replies (2) of 13403
 
OT - SHEESH GUYS,

I know in the last 3 years we've had failed market Rally after another.

I'd like to suggest that a study of very long term charts indicates that after great blowoffs (99-00) and huge sell offs(01-02),corrections that find support somewhere in between result in sideways consolidations.

Consolidations are a very common stock price action.Granted we've no seen one since 98-99 for the indices.

I think it is overdue.Sideways action is perfect for selling covered calls and puts to add to your positions revenue yield.

Just a little history that suggests every 10 % correction is not the demise of the total market.

Commodities and global demand for oil sure doesn't suggest that we're slowing down at all.

Food for thought and it is important every now and again to look at "LONGTERM MONTHLY CHARTS".

JMHO

Bob
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