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Strategies & Market Trends : Pitbull Investing Strategies

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To: conrad grant who wrote (675)	3/10/1998 1:49:00 PM
From: Doo	Read Replies (1) of 789

conrad: I'll mention something again that I think I posted last year sometime. My feeling is that the PB Long system does not perfom well in an old bull market. The reason is, I believe, your not buying leaders, but laggards. Any stock in this market which has a 2:1 hi/lo ratio is a laggard. The only exception I've seen since the Market started to recover from last October's crash is PAYX. But you wouldn't have caught it on a Friday new high, and you would have had an RS stop triggered (which I ignored). There may have been others, but I didn't see them. When we emerge from the next bear market, I think we will probably find that the system picks up some remarkably promising stocks. But until then, I'll not use it much. The short system seems to work whenever there is a failure of leadership, which happens more frequently than bear markets (at least lately). These are just my impressions, of course.

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