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Strategies & Market Trends : From the Trading Desk

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To: Don Green who wrote (1910)12/5/1997 9:32:00 PM
From: TechnoWiz  Read Replies (1) of 4969
 
Hi Don: Like you, I try to keep things simple. Actually, I only use one proprietary signal indicator that I developed myself through many thousands of hours of experimentation and optimization to the exclusion of all others. I presume by your 70-20-10 rule that this is the percentage weighting of importance you apply to the market trend, strongest sector activity within that trend and strongest stock(s) within that sector.

Blue chips kind of fit that picture right now. Personally, I was looking for a strong job number and I think this provided a lot of "anti-deflationary" confidence and underpinning to the overall market. All being well we should experience continued job growth during the coming months but at a more moderate pace than today's outstanding level.

IMO, the continuance of this job creation miracle is high on the administration's agenda and I sincerely hope that it will not be necessary to raise rates any further for the remainder of this current Presidential / business cycle.

Have a nice weekend

Rgds

Wiz
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