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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (18474)	6/14/1998 3:05:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79308

Jim, I've had my fund money in an S&P index fund for years now. I was able to step aside for July '96 and Oct. '97 so my own performance has actually outpaced that of the fund. Historically speaking, the market is weakest from around May through October. The wave of Asian financial instability seems to still be spreading (as Dent forecasted back in 1991along with the tumble in commodities that hint at a deflationary environment) and other global events add to the uncertainty. It makes sense to me to be cautious here since the gains of the last 3 years have been huge and it would be a shame to give a significant % back. At this point I can't see a large drop in the very near term but I can't see new highs being made for a while either. Instead of exposing myself to a surprise event or even just a sideways market, I've opted to step aside again and be satisfied with bond funds until I get a clear technical indication of the market's return to bullish mode. That said, I still have an inclination to trade individual stocks and will probably begin to short stocks more often. There are still going to be some great long plays and I feel I've found some in those that I am currently long (CADE etc.) and others that I will continue to track and trade (ACRT etc). Thanks for the McCellan info. Is there a site that you know of with a multiyear chart of it? Doug R