I know now what Satchel Page, the hall of fame pitcher, meant when he advised, "Don't look back, someone may be gaining on you." When I looked back, no one was there. They were now in front of me.

I have cancelled our reservations on that "slow boat to China." I have, instead, purchased OJ Simpson's books on managing stress. This market is in the initial stage of recovery. That's when those in-the-know discount at a future time, a recovery. In the meantime, until it does recover—in the full sense of the word, I will trust this market like a newborn baby. I will run every time it acts up. That is until it is trained. Maybe it's the other way around—until I am trained.

I am suspending my usual sell strategy of a 25% loss of a profit and a 15% loss of a recent buy. I will instead sell when a sector moves out of favor on a 7-10% loss. I have now switched to Will Rogers' famous market strategy—"don't buy them unless they go up."

I am selling KROL. Its sector, security, has weakened and it didn't go up. I replace it with PD, Phelps Dodge. Its sector is under accumulation.

I am selling ROIL and RRC oil and gas. It evidently was too early for this sector. Replace them with APSG, Applied Signal Telecom. It's a sector that's under accumulation and ARXX, Aeroflex Inc, an aerospace/defense sector—still under accumulation.

Buy Trades
# of shares		Company		purchase price ($)
154		Phelps Dodge		33.730
522		Applied Signal Technology		10.050
307		Aeroflex Inc.		17.070
Sell Trades
367		Kroll Inc		14.000
341		Remington Oil & Gas		14.950
1313		Range Resources		4.040
KEEP REMAINING MONEY IN CASH ACCOUNT.