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It is easily a year or more since I have posted to this group. My view of
the market is very negative at this point in time. We use a proprietary set
of market indicators called the FirstCapital Oscillators. Our Oscillators
are negative and are confirmed by the weakening A-D line, the expanding
number of new lows and the relatively light volume. We went negative on May
7. Except for the start of last week when we went to neutral we have been
negative on the market. The Focused Portfolio in Stock Market Timing is 90%
short. Our mutual Fund Strategy is in cash or negative funds. FirstCap
Trader is 100% short. Our market indicators are NOT oversold so we do not
expect a sustainable bounce type rally. Unless you are secure in your market
opinion, prudence dictates at least the sidelines unless you want to go short.
Everyone is invited to look at the short positions that we have recommenced
by looking at our web site. I am open to questions other than the algorithm
for the indicators. The URL is http://www.firstcap.com
you can use the user name: june25
password: father
Victor Weintraub
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