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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (3576)	1/9/1999 4:19:00 PM
From: donald sew	Respond to of 99985

TW, >>>>>>>> Personally, the risks are way too high for me to be in the market in any significant way. I still trade some though. <<<<<<< That is such a valid point, even if the market continues up and up alot. One thing that I have learn well is that there is nothing wrong with taking a profit, but listening to those who are very bullish they will say that many missed the recent run. The way I look at it, is if you made a profit you did not miss anything. seeya

To: Terry Whitman who wrote (3576)	1/9/1999 8:22:00 PM
From: StockOperator	Respond to of 99985

Terry, Its all gambling. Fear should be our best friend at this level. Thats why I believe my strategy of playing severely depressed stocks where the insiders have stepped up to the plate and purchased shares is the safest and MOST profitable way to play this move. Here's a couple of interesting points from Thursday's Investor Business Daily: Brian Belski, chief investment strategist at George K. Baum & Co is calling for another 500 to 800 points on the DOW over the next six weeks, "especially now that its lagging issues are beginning to improve." Robin Griffiths, chief technical analyst at HSBC Securities, says the Dow's surge on Wednesday marked an especially bullish phenomenon: "a triple-top breakout." "Tops may be a single top, a double top or a triple top, but there is no such thing as a quadruple top," Griffiths said. "This is one of the clearest technical "buy" signals you would ever hope for." It is very difficult to argue with the tape. I have to stay long until the charts say otherwise. Good Trading. SO