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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (28286)	8/25/1998 10:31:00 PM
From: SkyDart	Respond to of 95453

Marc: Hate to say it, But ditto. I have a few rules that I trade by that keep me out of trouble. #1. Don't fight the tape/The trend is your friend --Marty Zweig #2. Don't call the bottom---ever. Let the market show you the bottom first. #3. Don't call the top---ever. Let the market prove it to you. #4. Don't average down. Strangley enough, these rules work 90%+ of the time and allow me to identify good risk reward opportunities for trading. Is it possible the oil stocks will do an about face and break the down-trend tomorrow. Sure. Is it likely? Probably not. Once they really show a bottom and actually begin an uptrend, then buy a boatload. It has [far] better odds then averaging down, trying to catch the bottom, and the proverbial falling knife....Just my 2 cents. Good luck, Jeff