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

To: Jay who wrote (5707)	8/11/1998 10:17:00 PM
From: Ms. X	Respond to of 34811

No such thing as butting in...not on this thread. Unless you are a grubber :-) When P&Fers say "defense" it means do what you need to, to protect your portfolio. This could mean sell, cover, buy puts, not buy anything else or take a vacation. Certainly right now buying issues is difficult. You should know exactly where the stocks you own have support levels and where they break down. You should have a plan as to an "insurance" policy against further market decline. It isn't over until it is over. I just saw a post from Tom saying the NYSEBP may be as low as 28% right now. That is low but it can go lower. There are no absolute right answers and all I can say for sure is this market is not recovering, not yet. Take care, jan I am