To: Sonki who wrote (32627 ) 6/4/2000 1:31:00 AM From: fuzzymath Respond to of 64865
The only reason I haven't played QQQ is that, once again, I haven't had a chance to run it through my modeling software. In November and December I stayed 100% in a NASDAQ clone mutual fund (because my data shows that almost half of the market's annual gains happen from Nov 1 through Jan 31). SUNW does move nicely with the market, just with much greater upside gain over the past few years. A "growth" stock that averages 20M shares a day! That's so incredible for someone who's been following the markets closely for as long as I have. Entry and exit points -- well, that's exactly what I'm working on in refashioning my web site. I've developed a calculator that applies my models to the current state of the market and tells you what the models predict for the next day. My models are highly successful at avoiding losses during market dips, then jumping back in in time to ride most of the rallies. The result is performance that beats the market at lower risk. But, short term trading is still not recommended -- unless you can afford to watch the market all day every day. So, I'm working on inserting the calculator into my web site, so visitors will be able to see when it's a good day to buy, or a good day to sell. The calculator's not on the site yet -- but I can tell you that right now I'm fully in the market. If you're looking to buy in, then most of my models will tell you Monday's a great day to do that unless we have a very lousy day. We're in a rally, with good momentum, right now. Generally, I stay fully invested unless the market is showing a reason for concern. Hope this helps a bit! Kevin