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

To: quote 007 who wrote (14317)	2/20/1999 1:01:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34811

Hi Stuart just popping in here...low poles are a great way to trade or invest in washed out bottoms on good stocks.. all the internets have those types of charts...usually leads to big runs, if the markets going in the right direction..i looked at a bunch of those...AMZN was typical...

To: quote 007 who wrote (14317)	2/20/1999 1:49:00 PM
From: james ball	Respond to of 34811

No we are not saying to short and stay short. There are some good shorts out there for the right person and there are some good longs. The indicators for he last month have suggested high risk. You must deal with high risk as you see fit with regard to your investment style and risk tolerance. WE are not saying to short and stay short however we have been recommending some shorts that have done well. When the market is in a high risk level for longs it stands to reason that this is a time that shorts have a higher probability of working than in times when the risk is low for longs. It does not mean that you wholesale short. Stocks that are below trend lines and negative RS and negative fundametals and have rallied up to resistance make the best shorts and one must manage the short differently than a long as the risk is unlimited on the upside. To be good at shorting takes nerves of steel and an strong understanding of trade management. I say again WE ARE NOT SAYING TO BE WHOLSALE SHORT. Just that the risk is high for longs. NExt you are right on high pole and low pole. Tom