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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (452)	2/22/1999 10:17:00 PM
From: Stuart C Hall	Read Replies (1) \| Respond to of 10599

Sun, Sounds like you should get into cash and wait for the long opportunities to be offered in our correction. If it ever happens. I think the fact that DELL has bounced back and held above 80 shows the conviction of the average tech investor to ride this out. I'm reading Livermore's book and he said that the number one thing that sunk most investor's returns was the opinion they had to be actively trading to make money. His losses came when he didn't have 100% conviction in his trades but traded nonetheless to be active. He also said his biggest returns were from long positions although he did play shorts to the hilt. Just a friendly reminder from the sidelines. Stuart

To: Sun Tzu who wrote (452)	2/23/1999 12:46:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 10599

Sun, while Point-and-Figure TA does not predict, their main indicator, the NYSE bullish % [% of NYSE stocks on a buy signal]is still headed down. It is at 42% now. PnF followers would wait until it reverses up before committing long positions, carefully. In other words, they are waiting for more breadth [more stocks on a buy signal]. Here's what PnF guru Tom Dorsey says... Message 7976223 [DWA=Dorsey Wright Associates] PnF is the least ambiguous method of judging market direction I've seen. Gottfried