Monthly Archive: August 2001

Daily Update Tuesday, August 21, 2001

The Fed lowered interest rates 0.25 percent as expected, but the market did not like what the Fed said about the risk of a weaker economy. Prudent Investors should continue to remain cautious and not buy any stocks at this time. Aggressive Investors and Traders should play the market…

Daily Update Monday, August 20, 2001

The market was fairly stagnant today pending tomorrow’s FOMC meeting. With a DnDn situation, Prudent Investors should continue to remain cautious. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to the downside. For those of you who are “Riding the Wave,” we…

Weekly Newsletter Friday, August 17, 2001

I know I’m beginning to sound like a broken record, but another counter-rallyfailed again last week, and we are back to a DnDn situation. Prudent Investorsmust continue to remain patient, and stay on the sidelines. If you can’t resistbuying stocks long, see this…

Daily Update Thursday, August 16, 2001

The market experienced a major reversal, but is still struggling. Prudent Investors must remain patient and not buy any stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to the downside. For those of you who are “Riding the…

Daily Update Wednesday, August 15, 2001

Although the Price of the VVC is up on a week-to-week basis, today’s action broke a string of four straight days of upmoves for the Price of the VVC. Therefore, Prudent Investors should continue to remain cautious. Aggressive Investors and Traders should play the market on a day-to-day basis…

Daily Update Tuesday, August 14, 2001

The market was mixed today with the NYSE stocks doing relatively well. Nevertheless, Prudent Investors should continue to remain cautious. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to the downside. For those of you who are “Riding the Wave,” we will…

Daily Update Monday, August 13, 2001

The market appears to be rallying once again, but we will have to see if it is sustainable. Prudent Investors should continue to remain cautious. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to the downside. For those of you who are…

Likes and Dislikes.

The counter rally failed once again last week and we are back to a DnDn situation. Prudent Investors must continue to remain patient, and stay on the sidelines. The brief counter rallies are tempting, but they are also lethal. Aggressive Investors and Traders…