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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 680.44+0.6%Dec 19 4:00 PM EST

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To: Lachesis Atropos who wrote (17681)8/29/1998 2:48:00 AM
From: Gerald Walls  Read Replies (1) of 69127
 
Whatever, I am seriously considering pulling my investments out of an S&P index fund on Monday. I little late but may salvage a few points, then put it back in when the market is a little more stable.

Much late. If we get a 20% correction/bear then we're closer to the bottom than the top. If you were wrong about the top what makes you think that you'll be right about the bottom? Almost no one can call tops and bottoms consistently. Most of those who say they do are liars.

I sold a couple of positions Thursday I should have ditched much earlier and bought more of a company leading its industry on Friday. Look for those companies that are holding steady or declining only slightly during this market fart. They're the ones that'll explode when the market eventually turns back up. Its never not turned up before and if we are bad enough off economically (ha) that the market will never increase again then which stocks we hold will be the least of our worries.

My faith in gold as a hedge has been rattled by the reaction of the "precious" metals during this Russian crisis. All my silver and gold holdings have been hammered.
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