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

To: robert b furman who wrote (21969)	7/21/1998 8:56:00 AM
From: coug	Respond to of 94695

Bob, I have given up trying to pick tops or bottoms a long time ago.. A lot smarter people than myself, do not appear to do it consistently over a long period of time.. ie. Favors was on the mark up until recently, Prector and Garzerelli (sp) were hot in the 80's with various techniques... others come and go. The reason is the many variables, REAL and IMAGINED, that come into play at unbekownst times that people can't predict, People quickly pick up on what is controlling the mood of the market at any one time now because of the instantaneous nature of information.. They all start using it and then by the logic, it's effectiveness is destroyed. So I plod along, watching for turns as they occur and then try to on board.. and then get off if they don't work out.. IMO, it is easier to recognize a turn, 15' ahead of time than 15 days.. and thats enough time for me.. If someone could predict when the people are going to stop the huge inflows into markets that started in the early 90's, then maybe.. they could predict a major move... I can't.. Its fun to try and I wish all the people good luck in it... the Coug