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


To: Teresa Lo who wrote (6798)4/3/2001 2:06:52 AM
From: kirby49  Respond to of 8925
 
Teresa:

Thanks for the reply. TSEGPM is the gold and precious metals index. Kitco tracks both the XAU and GPM and if you go to www.kitco.com and click on TSEGPM you will see all the stocks that make up the index. The XAU includes copper which is why I prefer the AMEX HUI index. Just on the lookout for the next hot sector and as I am highly pessimistic and think the Dow will go down 50% from here, the quest is for the next sector to move up. In an ideal world it should be base industries such as steel and manufacturing that get the capital as they have been overlooked for too long. What good is high tech software or living longer with biopharms etc. if there is no profit in making the chairs we sit on or the cars we drive?

For those who can't play short because they trade within their pension plans or won't because it is mentally tough to be on the dark side, sector rotation is the way to go with good trading discipline using stops. I very seldom sell a stock, but rather let the market take me out with stops. Sorry for the long post, but it's late and my fingers just kept on typing.

Thanks

Bob