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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (37277)	3/16/2001 7:04:45 AM
From: Jerry Olson	Read Replies (1) of 50167

Morning IKe major trouble ahead here...the P&F NYSE Bullish Percent has rolled over here...all thru this entire debacle in the markets the NYSE stocks were holding well.. that is over now...i had an intermediate downside target of 9700 INDU...it may go lower now... my main indicator at this moment is the SOX index...520 is the triple bottom test..500 breaks this index and the entire NAZ market along with the NYSE would collapse... i urge everyone to use extreame caution if this event should occur...and i am not an alarmist..just a daytrader playing all this incredible volitility...going to cash every night with out exception... LONG TERM BUY AND HOLDERS ARE "NOT" USING GOOD TO CANCEL TRAILING STOPS...NOT SMART...THEY NEED TO LEARN WHEN TO SELL THEIR OVER BOUGHT STOCKS AND ROLL INTO BEATEN UP STOCKS AND SECTORS 1-2 TIMES A YEAR..NO ONE IS DOING THIS..THEY ARE JUST SITTING THERE HOLDING ALL THE WAY DOWN TO OBLIVION..... i hope i can help these people..while P&F may be a lagging indicator...it's safe, solid, and i use it everyday... best to you and this thread OJ

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