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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (21895)	7/20/1998 12:24:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi Monty; There is no Holy Grail; so if you find one watch out. Most indicators can lie, so you need a way of confirming, using more than one indicator. The market pulse is mostly important to me, as I do bottom fishing, & DCB ( dead cat bounce ). Neither works worth a flip in a down market. Also I time going in or out of No Load mutual funds, bought via my broker at no fee. Here is a thread you might find very helpful exchange2000.com There is more safety in Funds than in stocks as you get the needed diversity, but you miss the fun or rush of the fast hit. I was in and out of CD last week so fast I didn't bother to post it. If you read what I've posted on options you will stay clear of them until you get good at going long, buying dips and such as that. Avoid getting caught up in shorting, most of them are addicts. If a person can't make it going long , buying dips, or playing DBC, they damm sure won't be any good at shorting. One of my son in laws started asking me for advice, and him new to the market I simply pointed him at the Fidelity Family, and told him not to think about any thing else until he understood mutual fund trading, and as he advanced he could play sector funds etc. With all the talking about stocks I do , I personally track over a hundred No Load funds. I like to get in them on pull backs and exit when I think I see a top. I'm not to hot at picking tops, but I'v never lost any money playing funds. How ever I did have to sit out a dry spell a couple of times. Market timing can be some help with going in and out of funds. As well as buying the SPY, MDY, or DIA. I tried shorting the SPY several times but it's more hassle than it's worth. Most of my money is in bonds, and stocks are more a challange to me than a get rich fast play, I'm to old for that. But I got a little gamble in me, if not doing this I'd be going to Gulf Greyhound park. ( I can win at the dog track, on a regular basis, but not a lot as the system I use breaks down if you make big bets ( you kill your own odds ). With this internet trading I don't have to drive the 100 mi round trip to the track so I've been hung up here for some time. ---------------- This gang is about the best over all, that I've found none weighted I just put 1 share in a paper portfolio to track their percentage gains. ^SPX S&P 500 INDEX Jul 17 1186.75 +2.76 +0.23% $1.63 +15.88% BABSX BABSON DAV INV Jul 17 22.01 -0.10 -0.45% $2.35 +11.95% BEOOX BERGER GR INCM Jul 17 15.33 +0.06 +0.39% $1.54 +11.17% DGAGX DREYFUS APP Jul 17 40.92 +0.02 +0.05% $6.13 +17.62% DREQX DREYFUS GRP OP Jul 17 10.85 +0.06 +0.56% $0.87 +8.72% DREVX DREYFUS FUND Jul 17 11.59 +0.06 +0.52% $1.21 +11.66% DRTHX DREYFUS THD CT Jul 17 13.17 +0.02 +0.15% $2.05 +18.44% FLRFX INVESCO GROWTH Jul 17 6.27 +0.03 +0.48% $1.00 +18.98% FRMUX FOUNDERS BLUE Jul 17 8.04 +0.02 +0.25% $0.67 +9.09% GABGX GABELLI GROWTH Jul 17 35.07 +0.08 +0.23% $4.50 +14.72% LEXRX LEXT GROWTH FD Jul 17 24.19 +0.07 +0.29% $3.01 +14.21% SAFQX SAFECO EQTY FD Jul 17 23.11 +0.08 +0.35% $2.41 +11.64% SRFSX STEIN ROE GWTH Jul 17 43.66 +0.24 +0.55% $7.75 +21.58% SRPEX STEIN ROE GWTH Jul 17 26.69 +0.01 +0.04% $3.14 +13.33% SRYIX STEINROE INVST Jul 17 28.18 +0.05 +0.18% $3.66 +14.93% TWCGX AMER CNT GRTH Jul 17 31.69 +0.09 +0.28% $5.91 +22.92% TWCIX AMER CENT SLCT Jul 17 54.28 +0.21 +0.39% $9.12 +20.19% TWCUX AMER CENT ULTRA Jul 17 36.30 +0.27 +0.75% $7.21 +24.79% 18 symbols Totals: $64.16+16.92% ------------------ as a group they have edged out the S&P 500, I re-set them Feb 12th so that 16.92% is just since then. The bottom 3 have been doing the best, stick with the winners and track them , if another one starts making gains and the one your in slows down, swith.. swiching cost me nothing. They don't like market timers but my order goes in with a "pool" from the broker so they don't know who I am, my shares stay in the house name. There are some hotter funds but they are more volatile , and could drop fast too. Jim