Poet,
Thanks for your comments. I hope you can take the strategy, customize it a bit to fit your tastes, and make a few $$$ with it. Or, better y et, post some of your ideas on how to make money in this weird market.
To All, my apologies for the few "typos" which I now see in my original message.
By the way, I read an interesting article in the newspaper yesterday where analyst Robert Morrow (High Tech Growth Forecaster, Bradenton, Florida) forecasts the DOW to drop to 6,885 by Oct 11, the S&P500 to drop to 875, and the Nasdaq Composite to drop to 1,221. This would be a 26% drop from this year's high in the S&P and DOW, a 40% drop in the Nasdaq. Apparently he's been very accurate in the past with such forecasts, which are based on his application of the study our Fourier analysis, studying marketplace "wave patterns." He thinks safe havens might be found in capital goods, technology, financial institutions, and utilities. Well, on Oct. 12, let's see how he did.
Bill
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