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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (26188)	4/4/2000 10:23:00 PM
From: Ms. X	Respond to of 63513

Here is a note from DWA that may help some. In today's Daily Market Report Some Other of the Market Sell-offs The most important thing is that you don't become a deer in the highlights when your clients need you the most. And even if you didn't handle this correction in the OTC area of the market correctly that doesn't mean you can't handle the upcoming buying opportunity correctly. Most of you probably handled the correction correctly though you might not think you have after yesterday's market. After yesterday you, and probably many of your clients, are feeling like you should have been 100% in cash at one point and then back in again when the Nasdaq was down over 500 point. This is why it is not usually prudent to go to 100% cash. However think about it this way. The market goes up 2-3rds of the time and down only 1-3rd of the time. To go to 100% cash would be a huge bet. Taking some chips off the table was the right thing to do even though the remaining positions got bruised up over the past several days. If you held the strongest relative strength stocks, they are usually the first to bounce back once the market gets back on solid footing. As well, the cash you raised will give you buying power when the indicators suggest it is time to go back into the market. This is not the first time the market has experienced a sharp sell-off and it probably won't be the last time either. Let's look back at some of the other sharp sell-offs for the Nasdaq Composite