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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (5954)3/20/2001 11:03:18 AM
From: isopatch  Read Replies (2) | Respond to of 8925
 
Hi Teresa. And thx. Those of us

who've been through a few real Bear Markets and have W.S. backgrounds do have an edge in this environment.

Went from fully invested in Mid-Sept last year, to 50% cash in early Oct when the oil & NG patch sector signaled to me it was entering a downtrend.

Sold out big RTN.B pos in early Nov @ 33 1/2 and have been anywhere from 80% down to 45% cash since that time. Played a few ST trades into the secondary highs at year end and into January in the NG stocks. But only very selectively. Have stayed away Tech except for a few in Jan with mixed results(g).

Right now there's no mystery about the ST being dominated by how the tape reacts to what AG & Co give us a few hours from now. But looking further out, don't think this Bear Market is anywhere near over either in time or in price.

All JMVVHO of course.

Best regards for the fine job you've been doing here. And please stop by and post on the Strictly Drilling thread when you have time. TIA.

Isopatch