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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (37018)	6/13/2002 4:10:06 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Oh, I thought you were just making your point. Of course I have some paper losses from buying too early. Nothing like the ones one might have if they bought in '99 or 2000 or most of 2001. This malaise will end ya know. It's already on the verge of making history for length of time. As for trading against the trend. Well- it looks pretty much trendless in energy 2 me. Over the long haul anyway. When that is the case- shouldn't one buy at support- like, say the previous lows in XNG or the 200 dma in the XOI?http://quote.yahoo.com/q?s=^XOI&d=c&k=c2&p=m50,m200 Sure, it's less risky to wait for a trend to develop- but less risk, less gain. And there's always planB- the cardboard box down under the overpass. <g> OK- I took my profits in TRU at the close. If YOU are worried, then I'm getting nervous. Realized gains will make up for some of those paper losses, at least. Thanks for the concern, TW

To: isopatch who wrote (37018)	6/13/2002 11:03:10 PM
From: Mike Learner	Read Replies (1) \| Respond to of 52237

Isopatch, your post to Terry had very valuable point. You said: "I never chase stocks down during an unresolved down trend. Until the trend changes? Think you'll find that trading against it might get pretty expensive." The above statement bears a sound investment strategy. Trades on bear market should be more on the sell side since the main trend is down until a bottom presents itself and change of trend is obvious and confirmed. Then, trades switch to the buy side. Regards, Mike