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Strategies & Market Trends : Charts With An Attitude; Trading In & Out
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To: Sergio H who wrote (3854)11/23/1997 3:36:00 AM
From: Doug R  Read Replies (2) of 4701
 
Sergio,

You make good points as well concerning market vs. POW performance. Maybe each POW should be compared to the market from the time the POW was issued. Or maybe this approach AND Dave's approach can be used to show how basic buy low/sell high rules apply to all stocks. That way people that tend to buy high can adjust accordingly.

Doug R
PS; One more time I will say that I advised caution just a week or two before the correction. I wrote that I wasn't going to come right out and say the Dow was headed below 7,000 but I thought I got the idea across. I was also asked about the strength of the Dow toward the end of July and stated that there was 2 more months of resiliency. I geuss I'll have to run a complete TA again before Monday. Stay tuned.

Doug R
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