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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (4714)	11/11/2001 12:24:13 PM
From: blankmind	Respond to of 99280

- it could be an "industry thing" - but b/c HRC is in Al Frank's portfolio - it looks the best to me thanks

To: DlphcOracl who wrote (4714)	11/11/2001 12:32:16 PM
From: Zeev Hed	Respond to of 99280

I would not try and catch the bottom on this group yet, they are all in a bad downtrend, and when we retest the lows and have some 200/400 new lows, I fear these will be amongst those making new lows. If you expect a market decline in the next two months, you don't want to get into the weakest sector before that bottom, this because "New lows beget new lows" (g). If you are slowly "sliding" in, and average down due to valuation, that might be another story, but you must look in "the closet" first for possible "skeletons". Zeev