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It doesn't have to happen to you. VectorVest has signaled every major market turn since 1991. Every one of these signals are documented in &quot;The VectorVest Views&quot;. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr class="text9pt"> <td width="50%" valign="top"> <table width="100%" border="0" cellspacing="0" cellpadding="3" class="darkgreyborderall" bgcolor="#ECECD9"> <tr> <td class="text9ptblueitalic">3/20/00 (Down) "The New Economy stocks got hit very hard today, sending both the NASDAQ Composite and the Russell 2000 down sharply. It certainly looks like the severe correction we had anticipated has arrived. Prudent Investors should not buy any stocks at this time and should continue to take action to protect profits. Aggressive Investors and Traders should play the market with bias to the downside. If you are Riding the Wave, you should have your short positions in place." </td> </tr> <tr align="right"> <td class="subcaption8pt"> -&quot;The VectorVest Views&quot; <br /> by Dr. Bart A. DiLiddo<br /> March 20th, 2000 </td> </tr> </table> <p>Old Joe Granville always said the market tells its own story. All you have to do is read what it is saying. Unfortunately for him, he didn t take his own advice.<br /> <br /> Joe Granville was one of the pioneers of technical analysis. He used several novel methods of "reading the market." The most popular of which is On Balance Volume. </p> </td> <td valign="top"><img src="../images/5px.gif" width="15" height="5"></td> <td width="50%" valign="top"> <p class="text9pt"> Initially, he was quite successful, and became the market "Guru" of the early 1980 s. He was so influential that his forecasts became selffulfilling prophecies. Then he missed the call on the greatest Bull market of all time. On August 16, 1982, the market broke out of a steep slump, and Joe Granville said it was a folly. He said that it was a Bull trap, rising stock prices were like balloons that were about to burst. He remained a Bear for over 14 years while the market soared. What went wrong?<br /> <br /> Mr. Granville s fatal error is that he went from timing the market to forecasting it. There is an enormous difference between the two. Market timers study indicators of market activity to determine whether it is rising or falling. Forecasters consider economic factors, and whatever else they think is important to predict what the market will do. Market timers need never fail. All forecasters will fail eventually.<br /> <br /> Forecasting the market is theoretically far more powerful than timing. Everyone would </p> </td> </tr> </table> </td> </tr> <tr> <td class="greyborderbottom"><img src="../images/5px.gif" width="8" height="12"></td> </tr> <tr> <td> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="50%" class="caption9pt">&quot;Timing the Market&quot; p. 1 of 4 </td> <td align="right"> <table width="175" border="0" cellspacing="0" cellpadding="4"> <tr> <td><span class="caption8pt">Page</span></td> <td class="text8pt">&lt;</td> <td width="17"><span class="caption8pt">1</span></td> <td width="17"><a href="timingthemarket2.htm" class="middlelink">2</a></td> <td width="17"><a href="timingthemarket3.htm" class="middlelink">3</a></td> <td width="17"><a href="timingthemarket4.htm" class="middlelink">4</a></td> <td><a href="timingthemarket2.htm" class="middlelink">&gt;</a></td> </tr> </table> </td> </tr> </table> </td> </tr> </table> </td> </tr> </table> </td> </tr> </table> </td> </tr> <tr> <td width="10" height="10"><img src="../images/5px.gif" width="10" height="10"></td> <td width="600"><img src="../images/5px.gif" width="10" height="10"></td> </tr> </table> </td> <td width="100%">&nbsp;</td> </tr> </table> </td> </tr> </table> </td> </tr> </table> </td> </tr> <tr valign="top"> <td class="greybordertopplusgradient" height="50"> <table width="100%" border="0" cellspacing="5" cellpadding="0"> <tr> <td><span class="disclaimerclass">©1996-2006 VectorVest Inc.</span> <a href="../disclaimer.htm" class="bottomlink">Legal Information</a> | <a href="../contactus.htm" class="bottomlink">Contact Us</a></td> </tr> <tr> <td> <a href="http://www.vectorvest.com" class="bottomlink">VectorVest Home</a> | <a href="../research.htm" class="bottomlink">Research</a> | <a href="../products.htm" class="bottomlink">Products</a> | <a href="/events/events.aspx" class="bottomlink">Training</a> | <a href="../support.htm" class="bottomlink">Support</a> </td> </tr> </table> </td> </tr> </table> </body> </html>