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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (29228)9/28/1998 4:53:00 PM
From: Skipperr  Read Replies (2) of 94695
 
Bill - I do value your independent thinking. Thanks for the description of the inverted head-and-shoulders. I agree.

A couple weeks ago,I concluded that the best way to play this market was to get invested a certain %. Then, calculate the lowest reasonable level to which the S&P Cash could drop. Using a Martingale strategy, divide my total remaining investable funds into "units". Build these units in a pyramid structure for placing them into the market as it went lower to that lowest reasonable level, i.e., increasing the "bet" as the market dropped. Also, I determined at which level I would exit the market if it went up from here. As you can see from reading my plan of action, I essentially reached the same conclusion as you about the future market direction. It's a good strategy for me in that I can be removed from observing the market for long periods (days) and my wife can handle the orders.

Thanks again for your most-informative posts. Skipperr
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