2007-3-20 2006-10-31 As the S&P 500 and Dow Jones Industrial Average are just under multi-year highs, we are going to talk briefly about patience tonight. All market timing systems are designed with the understanding that there will often be corrections against the current signal. Sometimes the corrections are expected, such as occasional 10% pullbacks in a long-term uptrend, and othertimes the corrections go further than the designer may have thought, leading the signal to change due to a stop loss or other late-defense that was put into the system. We only had a few subscribers leave during the recent correction, but the few that left cancelled right near the June bottom. Assuming these people sold their long positions at this time, their portfolios have missed an average move of over 10%. Remember that long-term market timing requires patience and that corrections are to be expected in every system. The most recent decline was just a correction and there was no reason for us to trigger a sell signal. Our system is designed to find tops and bottoms and it is now clear that a top was not formed in May of 2006. 139538 text/html http://www.nasdaqwizard.com/midweek092006.html 1.0 EN index,follow As the S&P 500 and Dow Jones Industrial Average are just under multi-year highs, we are going to talk briefly about patience tonight. All market timing systems are designed with the understanding that there will often be corrections against the current signal. Sometimes the corrections are expected, such as occasional 10% pullbacks in a long-term uptrend, and othertimes the corrections go further than the designer may have thought, leading the signal to change due to a stop loss or other late-defense that was put into the system. We only had a few subscribers leave during the recent correction, but the few that left cancelled right near the June bottom. Assuming these people sold their long positions at this time, their portfolios have missed an average move of over 10%. Remember that long-term market timing requires patience and that corrections are to be expected in every system. The most recent decline was just a correction and there was no reason for us to trigger a sell signal. Our system is designed to find tops and bottoms and it is now clear that a top was not formed in May of 2006. text