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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Dave H who wrote (3747)	11/16/1997 11:40:00 PM
From: Instock	Respond to of 4701

Dave H: I am hoping your post makes it into the Library. Be funny if the markets took off UP as you went to cash and then yoi would have to buy back in at higher prices. On the other hand, you are playing it safe! Good luck This week! Instock

To: Dave H who wrote (3747)	11/16/1997 11:44:00 PM
From: Sergio H	Respond to of 4701

I see a market rally for the month of December barring a breakdown in the Asian markets or South America or a major political problem in the Mid East. The market is ready to rumble and I would not want to be left out. I would suggest stocks that have done well for the year as the stocks that have not will be sold for tax purposes and by mutual funds. Jump on some high flyers and enjoy the ride. Sergio

To: Dave H who wrote (3747)	11/17/1997 1:36:00 AM
From: Doug R	Read Replies (4) \| Respond to of 4701

Dave, It's true that some of the more recent POW's have not performed like the earlier ones (so far). Few stocks are anywhere near where they were a month ago. I like the long bond yield under 6.1% Productivity gains continue to be strong. The downtrend in gold is firm as ever (a good leading indicator for inflation). If this is a shakeout in the market, it's a good one. I posted several weeks ago that the Dow and S&P were looking pretty dangerous and now there's a point and figure sell signal on the Dow but an attempted recovery is in progress. Mass redemptions in mutual funds have been shown to occur at market bottoms (Joe Public has lousy timing) and we don't have that yet. But we didn't get that during the July '96 correction either. APCO, ACRT and RECY all have new alltime highs in the last 2 weeks. DIGL isn't far behind while CADE, NOIZ and possibly SEEQ (a couple more days of data needed) are the only ones that seem troubling on the technical side and MTON on the fundamental side. MLOG is a bit sleepy but can't hold off forever ("yeah right" I hear a bunch of people saying >>gg<<). The most promising now are APCO, DIGL, TRIBY, RLLY, BOSCF and RECY (I haven't checked RADAF yet). BLSC has been dropped due to its great perfomance in such a short time. Our next POW is being worked up for Tuesday and it's a long pick. The market is always a risk, short or long and cash is, well, just cash. I hope you find something that spurs you to confidence again (and when you find it, let us know what you found, alot of people could use it after the last month). AAME looks pretty good and has great recent news. ABCPA needs an eye kept on it. Somebody picked up 442.4K shares of ABR in one trade on Fri. The chart looks pretty good and it pays a 6.9% dvd. ACET has a great chart. ADTC should be watched. ADVP is definitely hot. ADX is waiting patiently. ADYNF could be a real good one. AE is about to take the next step. AEN seems to be getting back on its feet. AEOS is on the loose. AERL is a high tight flag on a monthly close chart (very rare). AGI is hot. And SGI had a PGDCEB signal day on 11/12. If you see anything you like (6.9% dvd is better than cash) check it out. If you don't see anything here, I'll have some more soon. Doug R

To: Dave H who wrote (3747)	11/17/1997 12:36:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 4701

What To Do... Dave: This has been a perplexing time for all of us... There will always be stocks that have good RS, even when the market is correcting... Those are the one's to consider when the market has a more positive tone... I generally separate Mutual Fund money from stock money... Then I separate trading vs investing money in stocks... My long termers like RECY, INTC, LU, WMT, etc., are held and added to... The Mutual Fund money and stock trading money is where I have a tighter trigger for moving to cash or buying a beaten down stock/fund... The indexes are looking a little better... Another move like today should put us back on the northerly move... A close above 7700 Dow puts us above the down trendline... I'd wait another day for additional confirmation... MACD is about to turn positive on the major indexes... Some of the POW's are also bouncing back... Jim