Tom, Jan, Preston, Bruce, Duke, Eric
HiTech recently said, "...Some sectors went to bear confirmed, NYSEBP was weakening, many folks on SI are very cautious. Would P&F say to go ahead and buy those stocks that have good-looking charts even though there is some weakening of the indicators??"
Glad he aired these concerns because these same issues have me baffled. With much tentativness in the air, which is reflected in the charts, does one just err on the side of:
1. cash is king,
2. buy half positions of gd-looking charts, or
3. buy full positions & take quick profits ???
If (when) the mkt corrects, does one buy:
a) the current good-looking charts or
b) maybe it s/b the same gorillas (ie INTC, MSFT, CSCO, GE, HD, Dell) instead?
The gorillas rebound the quickest because they're in most MF's portfolios.
What's going on now? Is this year end Window Dressing?
Calling all "pros" to the rescue. Car 54 where are you?
TIA,
Tiger |
