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Politics : Idea Of The Day
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To: Jerry Olson who wrote (17524)3/22/1998 7:02:00 PM
From: Judy  Read Replies (3) of 50167
 
Jer, IMRS successfully backed off to 50 and bounced strongly last Wed and closed in the buffer zone for strike 55 for expiry. Proper entry for this run is 51ish and but I don't know if IMRS will pullback much before the split. If IMRS does NOT pull back sub 52 1/2, take a position anyway for a flip but be nimble.

GE will take the DOW to new highs. But the market is approaching an intermediate top and GE will preceed the market. Be cautious. Of course its mf has been very very strong. GE is a big cap with huge float and it takes big bucks to move the stock a point. Understand when I post for mf data or any data for that matter, I often do so to calibrate its reliability data against other indicators.

MF as with any other metric must be used in conjunction with other indicators that have tested consistent relative to one's particular style of trading. MF used by itself can be highly misleading for position trades when one is obvious to market sentiment. Some examples ... friends shorted KLIC and CPQ at pivotal points prior to their last 10 point runs based on mf and whatnot. Of course mf had been terrible because the stocks had been tanking. But why would anyone assume that the neg mf would continue when the tech sentiment had turned??? CSCO and AMAT ... their mf was horrible a several weeks ago when I went long. And each day during the time they rose their subsequent 10-12 points I received messages and posts that blocks were selling and mf was sick. Was tough to hold thru that ... but then I don't give a fig about mf. Nancy knows I've said harsher words.
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