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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (38486)	3/16/1999 7:51:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 94695

>> from the OCT Double Bottom Low in 98 at 7400, we're up 2500 points << Now take those rose colored glasses off, and pull that clothespin off your nose. This market smells like a pig farm on a summer day. Any real technician knows that you measure returns peak to peak or trough to trough- not trough to peak. Peak to peak the DJI has gained about 5% since last July, no better than an insured CD. The Nazcrap index has done better, but on the backs of a Very narrow number of stocks. If you picked the right ones, great job- but I'm not good enough to beat the overwhelming odds. We've got a new high in the SPX on the backs of 63 stocks out of 3000. 63 New Highs/77 New lows. You've got 35% of the NYSE stocks above the 200 day MA. Picking a NYSE stock at random- you are twice as likely to get a loser as a winner. Good luck with your Tulips- I'm gonna concentrate on finding losers (It will be twice as easy).<g> Regards, TW

To: Jerry Olson who wrote (38486)	3/16/1999 8:12:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Jerry, >>>>> trade the AOL'S MSFT PFE AXP ETC ETC ETC...play the big caps, because that's what the street is playing...it ain't that hard Bill... <<<<<< You are correct about playing those few stocks to the upside, and they keep on going up. On the other hand, just play the other stocks and they go down.gggggggg Just as those stocks are continuing to move up, one could basicly short the rest and make money on the downside, just as easy or easier. Im just saying that one can go both ways - go long the big momentum leaders as you mention and short the other stuff when things get overbought. During this recent 700 point runup in the DOW, there are alot more stocks which either have gone up a small amout or have produced LOWER HIGHs - guess what will happen when the overall market pullbacks, even if the market only pullsback a small amount. So as some BEARSs are losing out on the long side, the BULLs are losing out on the short side. Going both ways will win in this market. What I have been doing lately is just going with my signals on the individual stocks, and not waiting for the signals on the indexes. These weaker stocks are selling off even with the market heading up. ggggggggggggggggggg Rather than hear constant BULL & BEAR debate, I rather hear how to make money in the most efficient manner. I hear enough of the BULL/BEAR junk from the media. Seeya