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To: epicure who wrote (8426)5/11/1998 7:48:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
I think we have entered a volatile phase of the market now that we are moving into a series of upcoming earnings reports. The job's report of Friday was actually mixed news, but the market took off on the positive part of the report. Now reality is setting in once again.

Here are further comments of mine on this topic that you may wish to look at:

exchange2000.com .

I can see where people going to cash in an more "orderly" fashion (not in a panic after the market has already started its slide) is bullish with respect to a potential market *correction*. However, I also think that a bullish breakout into a new uptrend may still have some time before it comes, and possibly not without another leg of the market adjustment that started off this consolidation phase, like a move back down to retest the 50 day MAs or even the April lows. This is a trader's market.

Just my opinion of course.

Bob Graham



To: epicure who wrote (8426)5/11/1998 8:01:00 PM
From: Chris  Read Replies (2) | Respond to of 42787
 
believe me, the mkt is very hard to forecast.. stocks are easier to track and analyze.. but the market is a whole different beast.. you have so much external factors effecting price (employment reports, greenspan comments, earnings, asia mkt,etc)

that's why i sometimes say: just watch your stocks.. follow the entry and exit for the stock.. BUT:

use the mkt to gauge the RISK in your positions.. when it's risky times, either reduce position or tighter stops.. (only you know what your cautious approach is.. it may mean merely to watch your stocks more carefully)

summary: use the mkt to gauge the risk..

just my thoughts..

ps. dont worry. i still get bummed out when i can't figure out the mkt <ggg>