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Strategies & Market Trends : Hu model record - up 260% in 27 months
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To: Steve168 who wrote (25)11/2/2004 9:39:13 AM
From: Steve168  Read Replies (1) of 32
 
Surprisingly my indicators turned toward positive. I had covered most short positions and staying mostly in cash now. If the election went smoothly and indicators still pointing up, I may start to buy some semiconductor stocks, since that sector is one of the most undervalued according to my "net liquid asset calculations".

I talked to several friends and felt like Kerry is likely to win the election, unless the other side pull some "magic" out of sleeves. My friends in many states are telling me the Kerry camp really have a good grass root movement, and people dislike the current president tend to take more action to talk to friends, and people supporting current president just think he is doing the right thing to invade Iraq and cut taxes, but less likely to talk to friends. A significant turn out of young people (who are less likely in the pools) would also help Kerry.

I am really surprised as we approach the election, with the possibility of not knowing who is the next president for weeks and some demonstration/violence, the indicators are getting more positive. Maybe they will be wrong again?

Anyhow, I will get back to my root of buying "below net liquid asset value" tech stocks and avoid trading based on technical indicators, and make sure to reduce exposure and not using leverage. Survival is key in the market.
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