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Strategies & Market Trends : Bear Market Momentum Investing -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (208)	11/14/2008 3:58:12 PM
From: Smiling Bob	Respond to of 248

You are 100% correct. I usually try to maintain that logical strategy But after two post election days of 500 point drops and every mkt up sharply Monday morning, who'd have guessed we'd plunge another 1000 points in the ensuing three days? Not I. At the time, my mistake was focusing too much on the 5 day chart and forgetting about the 10 day and beyond. Too many distractions currently. I'll generally look at the 5 and 10 day and see where they stand within to the macro trend. Didn't do it Monday. DOW down 291 Maybe we'll see a positive spin over the weekend on only giving back "about" half of yesterday's gain. But still have 3 minutes to abandon the rest