Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: bdog who wrote (21522)	9/21/1998 9:19:00 AM
From: Doug R	Respond to of 79270

Back-to-workdog, Since you're not one to go short, maybe you'll get another chance to get CADE cheap again. Regardless of the gloom out there, bargains and opportunities will still exist (it's tough to say when that will be right now). For the majority of stocks the 2 to 3 day max. hold environment will still be the rule for a while. I started the shift in my 401K back into the S&P at 957...30% went in. The 60% in bonds is still kickin' so that coupled with the gain I held on to by getting out of the S&P gives me some room to continue easing back in. I'll go to 40% S&P at anything between 940 and 970. If this downdraft takes the S&P to 900 (highly unlikely), I'll go to 50% or 60% S&P and hope I don't have to chase it back up too far with the rest. If I hear an obvious thud of a bottom at any time though, I'll get more serious about moving back in. Doug R