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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Murrey Walker who wrote (13759)	2/10/1999 10:31:00 AM
From: james ball	Respond to of 34809

It's not important to focus on the day to day moves of the market. It is important to have some souless barometers that can alert you to a change in the wind or risk level. To the educated in this method, this change in wind will generate a change in your risk management approach to your portfolio. It has nothing to do with a 150 point down or up day. Most of the people on this thread already took what corrective action they were going to take, two weeks ago. Yesterdays 150 point decline did nothing to change the hedging tactics they employed in the last two weeks. Even if the market or should I say Dow Jones was up 150 today, it would have no effect on what was done two weeks ago. Changes in the Bullish Percent Index will generate changes in your degree of risk management employed. All this depends on your tolerance for risk. Which I must say, most investors never think about. Tom