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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (27910)	8/18/2000 10:26:23 AM
From: Paul Shread	Respond to of 42787

I was very bullish until this year, when the blow-off tops in the Nets scared the heck out of me. I spent January through March selling tech and buying beaten-down blue chips, so I've managed to hold onto my gains here. I think we're going through a transition, with the end result that value will outperform for the foreseeable future. I should probably spend less time worrying about the market as a whole, and more time buying the values the market coughs up. GM at 57 and DD at 40 were two I missed recently out of 'certainty' that the market was going lower. <g> The Nasdaq looks like it's going through a major transition: the swings have become very small and narrow, a marked change from the wide swings that existed just a few months ago. I think the NAZ is forming a bear flag here, but it's only got five days left to break (three weeks max on those patterns). A break below 3800 would do it, as far as I can tell. Of course I want to hear your worst-case scenario. Doom-and-gloom is always fun. ;-)