Charts With An Attitude; Trading In & Out Message Board

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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Dave H who wrote (3747)	11/17/1997 12:36:00 PM
From: James Strauss	Read Replies (1) of 4701

What To Do... Dave: This has been a perplexing time for all of us... There will always be stocks that have good RS, even when the market is correcting... Those are the one's to consider when the market has a more positive tone... I generally separate Mutual Fund money from stock money... Then I separate trading vs investing money in stocks... My long termers like RECY, INTC, LU, WMT, etc., are held and added to... The Mutual Fund money and stock trading money is where I have a tighter trigger for moving to cash or buying a beaten down stock/fund... The indexes are looking a little better... Another move like today should put us back on the northerly move... A close above 7700 Dow puts us above the down trendline... I'd wait another day for additional confirmation... MACD is about to turn positive on the major indexes... Some of the POW's are also bouncing back... Jim

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