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Strategies & Market Trends : The Rational Analyst

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To: Scott H. Davis who wrote (1011)5/29/1998 10:44:00 AM
From: ftth  Read Replies (1) of 1720
 
Hi Scott, we're close to the point where I'd say the scenario I was hoping for isn't taking shape. Not enough strength or followthru yet to completely flip, but enough to make asset allocation adjustments. I'm looking at some longs here to hedge against being left out of a strong move up from here.

Staying away from the rockets at this point and looking at bigger cap names that have been in consolidation for a couple months, such as ABF and COST. These would likely be relatively safe haven if the market does a head fake and does drop strongly into next week, yet look poised to participate if we do move up from here. HD is another to consider, but it's made an 8-10% move in the last week.

dh
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