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

To: Dennis J. who wrote (14764)	2/28/1999 12:21:00 PM
From: james ball	Read Replies (1) \| Respond to of 34811

Just think about it. Prognostications everywhere you turn. If 11,500 is to be in the cards the Bullish PErcent will have you on the right side. If not it will also have you on the right side. So who cares about predictions. All that matters is you manage the prevailing risk efficiently. The rest will take care of itself. If you want a fearless forcast like Dent just did, simply take the average rate of return for the last 50 years at 13% and compound out 5 years and there you are. A fearless forcast. Of course the forcasts are always on the Dow Jones which virtually no one owns. Pick the wrong stocks in the Dow and that 11,500 goes to 9,000 for those stocks. Stay focused, drive a straight line and simply follow the locomotive. Tom