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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jerry Olson who wrote (38486)3/16/1999 8:12:00 AM
From: donald sew  Read Replies (1) of 94695
 
Jerry,

>>>>> trade the AOL'S MSFT PFE AXP ETC ETC ETC...play the big caps, because that's what the street is playing...it ain't that hard Bill... <<<<<<

You are correct about playing those few stocks to the upside, and they keep on going up.

On the other hand, just play the other stocks and they go down.gggggggg Just as those stocks are continuing to move up, one could basicly short the rest and make money on the downside, just as easy or easier.

Im just saying that one can go both ways - go long the big momentum leaders as you mention and short the other stuff when things get overbought. During this recent 700 point runup in the DOW, there are alot more stocks which either have gone up a small amout or have produced LOWER HIGHs - guess what will happen when the overall market pullbacks, even if the market only pullsback a small amount.

So as some BEARSs are losing out on the long side, the BULLs are losing out on the short side. Going both ways will win in this market.

What I have been doing lately is just going with my signals on the individual stocks, and not waiting for the signals on the indexes. These weaker stocks are selling off even with the market heading up. ggggggggggggggggggg

Rather than hear constant BULL & BEAR debate, I rather hear how to make money in the most efficient manner. I hear enough of the BULL/BEAR junk from the media.

Seeya
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