To: James F. Hopkins who wrote (674 ) 5/21/1999 12:01:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 2103
I haven't posted over here in a while so I'll put in one of my privet posts just for the heck of it. -------------------- Some people can do good by focusing on stocks, but I found I do better staying with the indexes. My idea is the market tends to float all boats, but then sectors are like a tributary and may have a tide out of sync with the general market, however stocks in those sectors for the most part float with sector. In tracking the nine Spiders, and the SPY, MDY , QQQ, & DIA along with about 60 mutual funds I have more on my plate than I can keep up with. So I have made a rule for me at least to avoid trying to forecast an individual stock. It's been a hard habit to curb, AS i use to pick stocks a lot but last year looking at the NDX I became convinced hardly no one was beating it not even the pros. So with the new QQQ I just changed my focus from stocks to the indexes, it's been a slow change for me but more and more I'm getting where I just will not try to forecast a stock, if I can't play the index or a fund then I don't play. I own zero stocks as individuals , and any more I only play baskets. Jim ------------------------- And add I do look at some stocks, but more as a group than individuals and focus on the heavy weighted ones in whatever index, as they tend to push or pull the index more than the others. -------------- More and more I'm looking at GAPs in price and how they most often fill, and when several GAPs happen & the index Gaps above it's resistance or below it's support, it's almost a sure bet that waiting for the Mo Mo to slow then you can bet it will fill that GAP and you will win 90% of the time. Most people don't have the patience to wait on taht to happen , including myself but I'm getting there. Jim