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To: dennis michael patterson who wrote (17427)	11/5/1998 4:30:00 PM
From: HighTech	Read Replies (1) \| Respond to of 42787

Don't take my attempts at poetry personally. I have agreed with you all along. I am just suggesting to you and me that overbought, cycles, oscillators, etc. don't seem to matter when the market decides it wants to go up. So, I am starting to average in a little bit each day over the next 10 days or so. That way, if the market keeps going up, I win. If it corrects, I win. Nothing else. I have been only about 20% long since October 8 and have not been happy waiting for a correction. I am capitulating. HiTech

To: dennis michael patterson who wrote (17427)	11/5/1998 4:56:00 PM
From: Judy	Read Replies (3) \| Respond to of 42787

Hello, dennis The market trades according to different criteria at various times. It is now moving based on momentum, sentiment, and liquidity ... and the greed factor is overriding the fear factor. The previous fears ... slowing earnings and revenue growth and economic recession ... have been calmed for a quarter or two by the Fed's preemptive move. We started talking when the DOW was trading at about 7600 and you asked what I did about our IRA accounts. I said we did not exit near the top, there was no point exiting at the low when the market could reverse up at anytime. Rather I directed new IRA monies to very beaten down sector funds, hoping these funds would increase with a vengence when the market recovers up again. Our account balance is probably near what it was when the market was at it high, but now we also have more shares of the beaten down sector funds. Whether a recession will hit the US economy the second half of next year is unclear, but I will stay with this strategy. The hard part is not getting out at the top ... the hard part is knowing when to get back in. btw, I'm listening to CNBC as I type this post. Some analyst is saying a retest of DOW 9400 might be possible before the market will reverse. Doom and gloom a month ago, and euphoria now. What other market timing publications do you subscribe to besides Favors? Can someone post John Murphy's intermediate-term market outlook ... last I heard, he had reversed to the bullish camp.