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To: Oak Tree who wrote (87672)2/18/2001 9:19:35 PM
From: isopatch  Respond to of 95453
 
Oak_Tree. You may be right. All anyone

of us can do is make an educated guess based upon our interpretation of incomplete or even conflicting data.

Agree there are significant differences in risk from sector to sector. So some will fall further than others. I've beaten up a lot on the NG E&Ps since early Jan due to having done a great deal of work in that sub sector in 2000 and before. Don't feel as competent to talk about other sectors like tech. The patch is my thing.

My approach is less to predict specific price levels where high and lows will occur than to try and identify those highs and lows when they are occurring and get positioned accordingly.

Like to joke around about Bull myself and a few others being prophets or buying a crystal ball(ggg). But I'm really more of a trend follower than anything else. All I really attempt to do is get in and out of positions as close as I can to major trend changes.

If we don't have to go a lot lower before a good Intermediate Term rally? That would be fine. Wipsaw to down markets don't favor my investment style. But I just don't see the pieces in place for that yet.

Cheers

Iso