If you haven't already, you might want to take some Dramamine. A leading market guru says this ride isn't over yet.

        “This is not a final bottom,” said Ralph Acampora, chief technical analyst at Prudential Securities. “The bottom is where people feel confident.”

        And confidence was not in the market this week. Earnings scares, election uncertainty, Middle East violence and oil price increases sent investors heading for cover.

        The Dow Jones Industrial Average, for example, fell its lowest close since March on Wednesday. A late week rally brought it on Friday to 10,226.59 — still down 11 percent year-to-date.

        Mr. Acampora — known for predicting Dow 7000 in 1997 and Dow 10,000 last year — came through Cincinnati this week on a speaking tour promoting his book, The Fourth Mega-Market.

        He declined to specify when and where the market would bottom, but offered this advice:

        • Buy things with momentum. “I like things that go up,” he said, adding that current picks are utilities and value stocks.

        • Be prepared for more volatility and lower lows. “Don't buy every dip in a bear market,” he said.

        • Stick to mutual funds over individual stocks. “If you pick the wrong one, you'll get halved.”
       

From the update file
        Dan Pederson was back in town this week, his first visit in late April having been wildly successful.

        Mr. Pederson is a former supervisor of the Savings Bond Division of the Federal Reserve who started The Savings Bond Informer Inc., a company that analyzes holders' U.S. Savings Bonds.

        He's written a book, Savings Bonds: When to Hold, When to Fold and Everything In-Between, and was here courtesy of Huntington Bank. The bank brought him back for a second round of seminars largely thanks to these statistics:

        • More than 200 Greater Cincinnatians took Huntington's offer to get a free savings bond statement from Mr. Pederson's company.

        • Those local folks held about $7 million in savings bonds, averaging $34,400 in bonds each.

        • Mr. Pederson found that $140,000 — or 2 percent — of Tristaters' savings bonds had stopped earning interest. Nationally, about 3.4 percent of outstanding savings bonds have stopped earning interest.

        “That's money that would have sat and been loaned to the government for free,” he said.

        Huntington has extended its offer to finance the Savings Bond Informer services — typically $15 to $99 — through the end of the year.
       

From the upcoming file
        The National Association of Investors Corp. — an educational group aimed at investing clubs — will conduct a one-day seminar Oct. 28 at the Northern Kentucky Convention Center. Registration is at 7:30 a.m., with classes starting at 8:30 a.m.

        The seminar, titled www.21st Century Investing, offers education for beginning and advanced investors. For more information, see www.better-investing.org or contact Gretchen Hurt, at 248-4353.

        Amy Higgins writes about personal finance for the Enquirer. You can reach her at 768-8373; ahiggins@enquirer.com; or Your Money, The Cincinnati Enquirer, 312 Elm St., Cincinnati 45202.
       

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