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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (16194)	5/27/1998 11:06:00 PM
From: Thomas C (Hijacked)	Read Replies (1) \| Respond to of 69340

Jim, you make some good points. I admit I have become a bit too obsessed with predicting the greatest financially crash in America's history. And I see what you mean about following individual stocks. But I am sort of at a loss of why you don't place significant emphasis on the averages. The averages after all are made up of thousands of stocks. The the averages decline 20%, a typical tech stock will probably get hit down 25-30%. Plus I find the indicators are sometimes smoother on the averages than on individual stocks. BUt of course you do have to examine each stock on its own merits. I think I agree with you, but I am still stuck on the idea of a top down market analysis, indices then stocks. As far as making the big call, well it is going out on a limb, but if you think the ingredients are there, why not take a stab at it? Isnt that what markets are all about? Taking measured risks? Regards, tom