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Strategies & Market Trends : The Rational Analyst
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To: HeyRainier who wrote (1056)6/3/1998 7:07:00 PM
From: HeyRainier  Read Replies (1) of 1720
 
[ Review: Short Update ]

Here's a little update of the stocks profiled and reviewed by Scott Davis and I;

Stocks in a Downtrend:

Cumulative price action for all nine issues: - 1.08%

Stocks in an Uptrend:

Cumulative price action for both issues: + 3.06%

While one day's price action is insignificant in statistical terms, today's results may point to the importance of holding only issues that are in an uptrend, not a downtrend. Given today's weakness in the broad market, it is important to note that the issues in the uptrend held their own ground, and even advanced.

Regards,

Rainier
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