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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (35520)	10/8/2000 3:50:23 PM
From: LTK007	Respond to of 56535

to all-i love this post because it agrees with me:)--it really pins down where i am at--<< Re: October 6 2000 Trading Desk Diary Post rated (max 5) By mthomplb (rating 3.92) on 09:43 10.06.00 thanks for responding. that comforts me that you mention the breach of the lines as being more important than the support of the lines. i just wanted to make sure no one was buying ndx stocks simply because it was "due" for support. as for charts in general, i use them all the time, as i do believe they are helpful. my feeling, however, has always been that you need to do the fundamental work first, then refer to the charts for a way to trade your fundamental thesis. in this case, the fundies of the nazz are terrible, so i just reacted like that because i saw all of the trendlines being drawn, and i have a feeling they all get broken. (b/c of the poor fundies).>> post found by me from metamarket site P.S. eagles 14 redskins 14 and i am beginning to get endgame tension:)

To: Softechie who wrote (35520)	10/9/2000 1:01:53 AM
From: jimcav	Read Replies (2) \| Respond to of 56535

One thing to keep in mind Techie, as long term investments, buying companies with price/book between 1 and 2, which have dividend yields, unlike most techs is a relatively less risky proposition. Even if the yield is less than 2% which some of my holdings are, it is a nice way to have some $ come in while awaiting a rise in the commodity price, and hence a rise in earnings for the company. Precious metals plays are WITHOUT A DOUBT, the most looked down upon play in the markets, which to me makes them the ultimate contrarian investment---the time horizon one must have though does not make this sector something to trade in and out of for scalps or shortterm swings. My personal opinion is that all investors in the market should have at least some exposure to the group. My longterm portfolio of miners is just that, longterm, and I will continue to trade the volatility of the tech markets until that no longer occurs-- PS -- as an aside here--I hope everyone is doing alright in these tough markets, but I feel it is important we all keep the perspective of what is truly important to us. I just had a refresher on reality since my wife gave birth to my son this morning at 10 eastern!!