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JS,
Per your sector analysis, if you believe that we have been experiencing a
bear
market, i.e. COMPQ dropping more than 50%, then I must remind you of an old
Wall Street metaphorical adage referencing a particular type of
establishment dedicated to the world's oldest profession which states that
when the house gets raided, everyone goes including the piano player.
My point is that you will know when the stock market has reached a final
long term bottom when all stocks have experienced a similar relative
percentage correction which is culminated by a final across the board
selling climax.
When that stock that wouldn't go down during the entire bear correction
finally goes down with a good selling climax with the rest of the list, it
is at that point you may be near a final low.
I like to think of the market as a symphonic composition, where each
section of the orchestra has its turn to be heard. But, at the end of the
Symphony, every instrument and section of the orchestra are playing together
for the final note.
Metaphorically,
Norman
----- Original Message -----
From: "The Torch" <iceman_nrg@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, December 22, 2000 8:58 AM
Subject: Re: [RT] Stocks :Holiday rally.. Santa's wish list
+
> Tom,
>
> I would have to say that the money flow is going into
> the Financials, Non-Cyclical and Cyclical markets.
> These are currently the clear leader.
>
> You should check out Mark Bouchers strategy on how to
> locate the new leaders and hedge your portfolio by
> trading the clear leadership on the long and short
> side all the time.
>
> I am investigating this system further to see if I
> could trade this with my own account. According to his
> weekly commentary, last week the method was up 68%.
>
> JS
> --- Vaugh002@xxxxxxx wrote:
> > Here is the question everyone wants to know but I
> > get to ask. If that elusive
> > rally unfolds which potentially could go a handful
> > of days into Jan, what
> > groups might get the most action. Are the current
> > leaders vulnerable to
> > profit taking once Jan 1 arrives? Where do you
> > think instiutional $ will
> > flow . Simply put in the short run what stock(s)
> > are dead in the water and
> > which are in play on the upside. All opions
> > appreciated.......Tom
> >
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>
>
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