The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (20936)	9/1/1998 9:59:00 AM
From: James Strauss	Read Replies (1) of 79209

The Market... Doug: Excellent background post... For me, Japan remains the key to what will eventually happen in the world markets, including ours... With the current people in power handling the macro economic issues as if they were Tinker Toys, the world's third largest economy can cause many rumblings around the world... What you've done in the past made sense in timing your market entries and exits... This time may not be the same... We are in a worldwide Deflation that seems to effect both hard assets and equities... I think we are in a BEAR market that will give us a number of quick rallies within the context of an overall downtrend in prices... That's why I'm going to use big down days as a signal to move money into the S&P Index funds during those afternoons... My plan will be to sell the following afternoon for a 1 or 2% gain... Then wait until another big down day or until market breadth improves before making a longer term commitment on the Long side... As long a Advance/Declines and New Highs/New Lows remain sick, the market cannot sustain an advance... And... Don't forget the 13's Indicator... : > Jim

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