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


To: William H Huebl who wrote (27725)9/13/1998 5:31:00 PM
From: HairBall  Read Replies (1) | Respond to of 94695
 
Bill: My medium and long-term indicators are still on a sell signal with no indications of turning. As I mentioned in a post last week, my very short-term indicator gave buy signals on many indices around mid week, last week. This divergence interprets as a bear rally, for now!

Of course, my investment style is not to call exact tops or bottoms, but to be on the right side of the trend. I try to recognize trend changes early and tag along.

I tried projecting numbers in advance in the eighties and could not find anything that worked. I found trend following worked best, for me. Of course, after years of using these indicators, I can look forward with them, but experience has taught me not to act until I get the signal!

So, the market is in a downtrend for now! My portfolio went to cash while the Dow was still above 9K.

During down trends, I Day Trade only. Opening positions only after the first thirty minutes and always closing positions before the last fifteen minutes of each trading day!

I am a fairly conservative investor!

BWDIK
Regards,
LG

PS: In addition to my own stuff, I use a variety of traditional analysis tools. Of course, some I don't touch!