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

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To: Patrick Slevin who wrote (34281)	9/23/1999 4:26:00 PM
From: Jerry Olson	Read Replies (1) of 44573

Patrick... i was well aware of the SPX chart..after all i do read it...<g> but i was trading stocks within those limits... from the July highs till right here, the SPX never breached the BRL line you speak off... if i was trading more of the OEX..what a positional short??? as for stocks...the P&F indicators were in the middle..things were ok to trade on the long side as eveidence buy the sectors that were moving up, as the markets were moving down... no i feel P&F can confirm week to week....and it did... all the time the market rallied to new highs, the big indicator was on a sell signal...i was playing the short termers...2-3-4 of those...all of them went down together wed nite...but from much lower levels than last year... this selloff will be short lived... and a week or so ago when you mentioned the triple bottom break..THAT was a good signal to short the whole damn thing...

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