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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Alex MG who wrote (15363)5/3/2001 8:50:36 AM
From: TREND1  Read Replies (2) | Respond to of 30051
 
Alex
You wrote
New NAZ bull market?... What about valuations??

Alex
You have a valid point, but over the years I have learned that the only friend you have in a market is "TREND".
Do not predict the market. Just follow the TREND.
My son has just completed yearly studies on the 50DMA going back to 1945. Dow,S&P500, Nasdaq(since start), etc.
His studies show that just following the price crossing over the 50DMA beats buy and hold.
Finally, I have studied year ahead earning estimates for tech stocks and found them unreliable.

Larry Dudash