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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (3530)	6/11/1998 3:39:00 PM
From: james ball	Respond to of 34811

Al it is best to seek defensive issues. The issues the institutions gravitate to when things get tough. KO, CPB, FLO, and others. It is best however to have lots of cash when the ball comes back to you. Many investors have beel lulled to sleep by mutual funds constant hammering on how its a futile attempt to market time so just keep your money tied up with us. The problem with that is mutual funds go down too as they are made up of the underlying stocks. It is imperative you buy stocks that are in low sectors and have either held up well and are above the trend line or a stock that is at a livel that it has bottomed out continuously for years past. Still no sector is in a column of X's so sectorwise no plays yet. You also need to own stocks you can live with at times like this. When KO goes down form $80 to $70 it;s much different than "Dulap with a Springer" Copr. declining 10 points. You can simply buy more KO but Dulap might be heading for bankruptcy. In a nutshell Al, it is better to lose opportunity than money. Tom