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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (5922)2/4/2000 11:02:00 AM
From: Tommy Dorsey  Read Replies (1) | Respond to of 9427
 
Point is Lost you don't have to be in the stands. You said the cash postiion fits your mode of investing. Then given that you can't worry about missed opportunity while you're on the bench because you are operating perfectly within your investment temprement and risk tolerances. There are other places that make sense and that is finance stocks and utility stocks and these can provide good returns while you are still, in essence, operating within your game plan. If they NASDAQ declined today 200 points you would feel vindicated because the market would have given you clear evidence you were right to be in some level of cash. But the real peace of mind comes in the faith that you have that you are doing the right thing no matter what the market does. Otherwise, psychologically you will always feel like a cat on a hot tin roof. When the market is in a trading range things become much more grey. sometimes the market trends and you stay fully invested for a very long time or out for very long times. T