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Strategies & Market Trends : Why the markets will continue higher...

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To: yard_man who wrote (732)9/9/1998 7:08:00 PM
From: GROUND ZERO™  Read Replies (1) of 745
 
tippet,

No ridicule taken. You ask valid questions. Yes, I think the bear market is over quickly. Even a bear market is just a longer term correction. And still, I don't know if a bear market ever occurred. The names 'bear' and 'bull' can get in the way of objectivity. Those terms force a certain bias which clouds the waters for me.

I'm not loading up with stock purchases with the expectation of new highs and going to the moon, just picking some that are ready to be bought technically.

I saw the top before, but I don't see a collapse in the markets right now. I was all in cash and am long bonds, and this level seems to be a good place to buy. I could easily be wrong about the market, and I'll buy more lower. But 5.25% in the long bond sounds pathetic and I think that blue chips can out perform 5.25% annually even with a further decline. So. I buy. 5850 would be a great place to add, but I don't expect to see it.

I really believe lower rates will fuel the next big rally. And I'm not trying to sound cavalier about it, just that my plan is long term, and I make decisions quickly based on what technicals I can see in the charts. So far, I've been very lucky. They say it's better to be lucky than smart.

The DOW is important to me because I buy DOW stocks generally, or those in the SP500.

GZ
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