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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: ST Trader who wrote (4987)7/20/1999 2:43:00 PM
From: Carl Worth  Read Replies (1) | Respond to of 6445
 
Scott-

There are plenty of reasons to be cautious here as I stated in my post. I don't own much that is at a high valuation at this point but the smaller stocks may have a hard time holding up if the overall market falters here. I try not to get nervous or excited, I just let my stops get me in and out of the market and that seems to work pretty well. I am interested to see if 11000 holds on the Dow, it seems like that should be psychological support. So far none of the market leaders have given up more than their gains of the last week or two but certainly any follow through to the down side from here would be a pretty negative indication.

I've still only had two stops hit and several stocks I own are up for the day so for now things are looking okay, at least in my little corner of the world. <g>

Carl

P.S. We're right at 11000 now. :)