AI
Friday, April 15, 2005 10:51:48 PM
This Week's Action 4/11 - 4/15/2005
(10-minute intraday chart)
They way S&P's falling, it's going to take a lot to stop this fall. And I don't know what that may be. The fall at almost 45 degree angle looks like a runaway train shooting straight downhill.
Even the outperforming sectors Healthcare and Pharmaceuticals seemed ready to roll over toward the end. This is what it meant when Richard Russell said that everyone loses in a bear market. The winners are the ones who lose the least. Cash and a small and diversified portfolio consists of long and short positions seem to be the winners' portfolios right now.
So, where do people go? Horse race on-line?
(10-minute intraday chart)
They way S&P's falling, it's going to take a lot to stop this fall. And I don't know what that may be. The fall at almost 45 degree angle looks like a runaway train shooting straight downhill.
Even the outperforming sectors Healthcare and Pharmaceuticals seemed ready to roll over toward the end. This is what it meant when Richard Russell said that everyone loses in a bear market. The winners are the ones who lose the least. Cash and a small and diversified portfolio consists of long and short positions seem to be the winners' portfolios right now.
So, where do people go? Horse race on-line?
David
#board-3693
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