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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (7805)4/16/1998 11:13:00 PM
From: LastShadow  Read Replies (2) of 120523
 
Mid Term Holds:

None

The reason I say this is that although we are still in a strong market with some horizontal volatility, we are not going to be able to sustain it forever. A correction, even if that appears as a lateral one on the indices, are going to come certainly in adverse news and earnings beatings stock by stock until the valuations are down. If a stock is trending down on the daily chart, and thats pretty easy to tell, wait until there is a trendline reversal to go long fvor a mid term hold. That doesn't mean it might not reverse again if there is a general or sector wide drop, but at least you have mitigated your loss potential by buying at least at a local minimum. It also gives one time to select stocks that are fundamentally strong and buy after they drop and start back up.

And if some of you long term threaders don't start setting stops, I am going to start posting arcane mathematical discussions like Fourier analysis and spectral density as punishment....or better yet, I'll start explaining neural nets! That should do it...

One more comment - don't put "!" in email subjects, as that is my latest spam filter addition.

lastshadow
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