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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19738)9/1/1998 8:59:00 AM
From: Jerry Olson  Read Replies (1) of 50167
 
IKE

That's why I subscribe to Point & Figure...the NYSEBP is still in the negative...it reversed down on May 13th...and every P&Fer on that thread sold stocks and became very defensive...

it's at very low levels right now...there are 5-6 other indicators in Dorsey Wright that are all negative still..

i'll report here when things turn for "REAL"..

The NYSEBP---New York Stock Exchange Bullish Percent.....Indicator is the Big Boy of indicators...

We need to watch that the numbers you talk about are not resistence numbers... for the short term....it would be nice if we can take them out on a closing basis, and then try to re test the lows again to clean out the bears...

I'm waiting very patiently for earnings & guidence from the Big Caps as to what THEY see out there 1-2 quarters...

IKE this is very exciting to say the least...

BTW I have NEVER seen LOCK LIMIT UP!!! i have seen it down though,,,,,,,.:>}
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