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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: AD who wrote (29183)	4/11/1999 11:50:00 PM
From: David in Ontario	Respond to of 122087

Jetups - ouch I see what you mean cme.com The futures can firm up well before the open - which they have done before. An hour or so before the open we'll have a much better feel. It may just be another profit taking day on Monday. However, the overall market strength is good and I'm very pleased the market breath is widening as is the A/D line. The Dow run from 9-10k was thanks primarily to just four stocks with IBM leading the charge. I'm not long/short any of the net stocks - way too volatile. I'm using the "Levi jean's" strategy here - by investing in those companies who provide the infrastucture that makes the Internet work. Who can pick which net stock will do well even one year out? With so many now wanting an Internet presence I just think you're safer with the web infrastructure stocks. One of my fascinations with the market is that every trading day is different. What will tomorrow bring? At present the futures suggest a big down day. Thus far Hing Kong is down sharly and japan is off also - but both had big runups last week - so just profit taking I guess. It'll be interesting to see if Europe is also down. I don't want to see a fast runup in the Dow. Profit taking is like a safety value. If the indices ran up too quickly it would only invite the Fed to raise interest rates to cool the market down - and higher interest rates are not what we want. Many of the financial commentators just kill me. If tomorrow is indeed a profit taking day - then so what. However, the commentators will be calling for gloom and doom - having forgotten to record levels reached by the Dow, S@P 500 and NASDAQ last week. Do these people live day-to-day and ignore the underlying strength or the record breaking week that we just had? David.