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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (16875)	2/27/1999 11:39:00 AM
From: Jerry Olson	Read Replies (1) of 44573

Patty i keep laughing and laughing...poor Irish Kid...HA!!!!! while i share your exhuberance, and feel bullish almost all the time...i'm still a bit cautious... all the P&F indicators are bearish and on sell signals...nothing has reversed up just yet...again there are 2 early indicators that COULD reverse, but have not.... now we have 2 major eco indicators out this week...NAPM on Mon or Tues, that should be higher & Empl on Fri..always a knee jerk reaction to that number... so this week could be sideways again, thru the "Thrus-Fri- Mon" senario of the Oct crash....maybe it's setting up that way, maybe not... i have been trading on my own feelies and doing just ok...nothing special...but i will not dive into the abyss without P&F say so...in P&F we look for the "Tweenie" mentality...anything over 70% start to take profits, anything below 30%, start to buy...we want the middle 50-60%.... The Big Boy Indicator is at 40% in a column of O's heading lower... so Patty, the fun of these markets is all of our thoughts and opinions, FUN HUH??????

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