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: HG who wrote (13808)	1/12/2000 1:07:00 AM
From: Ms. X	Read Replies (1) of 63513

However, if you sit back until March you may find the indicators more towards the over bought area and the sectors skewed to the right. Fundamentally the market looks more appealing when it is over bought because it has been moving up steadily but that is when the most danger occurs. If you look at the NYSE BP and the Dow chart you will notice prior to market corrections the NSYE BP reversed down from over bought territories. We are not in over bought territory now but if the indicators continue to move up we will get there. Once we are there and the NYSE BP reverses down that will be the absolutely wrong time to be in the market. I'm not saying that is March... If I had to guess, which I hate to do, I'd say given that the indicators are in X's and moving steadily daily, we could see the charts close to 60% by March. That puts us close to the danger zone. By April we would see close to 70% and that is a very uncomfortable place to be. I'd rather invest here while the market risk is low and the opportunity is much greater.

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