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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: tom pope who wrote (19409)3/2/1999 9:01:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
I'm bugged by the market right now

a lot of "trades" that have worked for weeks/months are not there any more

no real direction

lower volume in many cases

spastic moves in single stocks; sectors swinging out of sync

by the DOW we have been in a very tight range since mid Dec
9200-9400///9000-9400-9600

I can't think of anything that will cause it to break out up
lots of events might, repeat might, cause it to fall

lots of charts are "hanging" again

we are right at "warning" season

gut says 70% risk of down, 20% flat, 10% up for now

so:
staying heavy cash
doing fewer trades in smaller sizes

not a bear but maybe a cub
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