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Strategies & Market Trends : Pitbull Investing Strategies

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To: John Langston who wrote (441)	11/1/1997 8:56:00 AM
From: Doo	Read Replies (1) of 789

John: Yes. No "follow through day", yet. We got one percent in price yesterday in the Nasdaq and S&P, but the volume was lower than Thursday. Noticed that sentiment is staying very bullish, which should probably be viewed as a big negative as far as seeing the market turn decidedly upward in the near future. Think we may have to shake them out near the week's lows before we can really go higher and get a valid follow through day. Spending the weekend trying to find the stocks which are basing, holding relative strength, and in some identifiable groups which could lead this thing up. So far, it looks like oils may lead again, but probably too early. Have to try to let the "market" show me the way. Why is that so hard? Interested to see what the PB produces this weekend on the short and long side. And you? Jeff

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