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ProShares UltraShort FTSE China 50 Message Board

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  • cheapscientist cheapscientist May 5, 2008 4:17 PM Flag

    OT Dow Theory

    Nice article. But how do we make money in today's market without parking all our money into fixed income securites. This is where the DOW Theory falls apart. No two times are ever alike. This time has confounded a lot of people, e.g., Bill Miller and even Warren Buffett. Thus, I propose the COW theory. Never buy a cow at a high price or a midpoint price. Only buy within 5% of the 52 week low. Better yet, buy when a stock is making a new 52-week low. Take your profits when you see a 10% or more rise off the low. I entered SGP near the 5-year low (still holding as of today). I am taking a position in HOLX starting today. I'll accumulate YHOO when it tumbles to $19 again, or what I perceive to be a strong low support price. Have your COW and eat it too. LOL.

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