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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (8890)	3/4/2008 3:43:18 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 33421

My opinion is that ETF's with some technical analysis is the way to go. My charts said sell last July. Were there some days I looked like I was dead wrong - yep! The thing is I sat on my hands when I saw the same kind of sell signals in March of 2000 and I wasn't going to repeat the same mistakes. My take in July of 2007 was that downside risk exceeded upside potential - I still feel that way. In July 12,000 seemed like a very real number except for 1 thing - I didn't see a lot of support there. 10600 looked like an area of better support - these are all Dow numbers and guesses