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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (34479)	10/7/2000 4:01:39 PM
From: Jerry Olson	Read Replies (2) of 50167

Hi Ike well most supports got battered here on Fri.. i had no less than 11 indexs that broke double and triple bottoms on P&F..and i checked each one on all time frames.. this is still in a downtrend for these indexs.. my guess is we bottom Mon or Tues, have a 1 week rally back up toward resistance overhead.. then selloff later this month to bottom out then... the question will be do we break the new lows on the way back down... each rally has been met with waves of sellers...there's a big buyers strike right here so far...no one is commiting funds just yet..not even me<G>... i see where we can go..and where we COULD go if we break whatever the lows are next week, later this month... i am still selling all rallies till i get taken out in a trend change... people can and should be prepared to take short positions and trade both sides of the street, to become a successful trader... exciting times are just ahead... my regards where ever you are??<VBG>... OJ

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