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Strategies & Market Trends : Investing during a Bear Market

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To: Vol who wrote (215)11/15/1997 1:54:00 AM
From: Joan Osland Graffius  Read Replies (1) of 226
 
Hi Volunteer,>>Do you adhere to his strategies?

Yes and No. During the last three years one didn't have to worry about anything but buy - buy - buy. Most of the time I use his strategies for shorts because the losses can be infinite. The only two lately I did not use his method was RMBS and AMZN - these were no brainers.<ggg> I used his strategies to identify that the DOW and S&P got sick lately to get out of all all long trading plays and hedge my long portfolio. I also used his stratagies to tell me to get out of my foreign holdings. I got out before things started unraveling.

I am now using his guidance to watch this market and let it tell me what to do. For shorting I use his conserative method of buying half the position on the break down and half after the stock has rebounded and started retreating again. Incase, I have made a mistake my losses are only 50% of my full position. I use fundamentals to locate the stocks to short and then watch for his patterns. CAT was a perfect example this week.

I like to use every thing I can get my hands on to help with investing and I like his method because you let your winners run and cut your losses on your loosers. The other thing I like is he gives you a disciplined approach when things are like they are now. Guessing just doesn't cut it.

I use DBC's advanced charting site to generate my charts. I can get the 150 day moving average and the RS chart, as well as other goodies.

Have a good evening, Joan
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