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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Terry Backlund who wrote (15384)4/24/1998 3:09:00 AM
From: Doug R  Read Replies (1) of 79450
 
Terry,

The targets for AINN, ACRT, APCO, MTON and yes, RADAF and etc, are still very much intact. There's absolutely nothing negative to be surmised from any market correction. The *short term* advantage that the REAL possibility of a correction affords, is far too great to be ignored...IMO. In the last several months I have tried to remain consistent with what the market "should" allow as far as % gain potential aside from speculative excess. Speculative excess is most often the individual investor's worst enemy. Geez...I almost fell into the manic and speculative side of the recent internet rocket stocks!!

I'm here with a solid system. If a segment of the market deviates from my system....SO WHAT. As for recent activity of individual stocks, DIS cannot hold up the broader market. Japan is up nearly 2% tonight. Japan can't hold up the Dow any more than the whole Asian currency devaluation "fiasco" could have held it down. The entire dynamic is set and "intraperiod" volatility can be a bane or an advantage.

Now is a good time to realize why, for any stock or the market in general, my time horizon and target price is always held to conservative levels to account for the variable known as "market risk".

Whoo!!, is that deep...or what??

Doug R
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