Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Cape Blanco who wrote (10373)	12/23/1999 11:19:00 AM
From: Jorj X Mckie	Read Replies (1) of 63513

The NYSEBP hasn't turned negative yet and there is usually a 1-2 day bounce when it does. I use P&F, but I also tend to jump the gun. In the old days, I would have jumped the gun and gone completely short. This time, I started out hedging and then went to mostly cash and then started adding a few shorts. P&F generally doesn't call the move to the day, but it has proven to be very good at getting you out of the market (and back in) in a timely manner. My personal views, outside of P&F is that the bull has 1 more week and then a variety of factors will contribute to the bull taking a little nap. These factors are: -Sell the Y2K news (non-event) -Sell the Y2K news (domino effect from international problems) -Profit taking by investors that did not want to incure more taxes in 1999 -Interest Rates -Inflation from current fed liquidity policy P&F is my primary TA tool and it has served me well. JXM

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