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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Jeff Jordan who wrote (2497)	6/14/2001 8:39:48 AM
From: Jerry Olson	Read Replies (2) of 5893

Hi Jeff benign PPI as expected..but we are still not done correcting as yet.. as i wrote last Sunday nite to my subscribers...we are overbought longer term..and my P&F short term indicators have rolled over and down now, but from very very high percentages...we have further downside here short term... i have only traded 2-3 shorts so far..but will continue to sell all rallies till we reverse back up, and at the very least pullback toward the middle of the 10 week trading band... but we are getting short term oversold here.... the VIX should print 25 today a 3 box reversal up..setting up for another large decline soon...

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