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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: The Perfect Hedge who wrote (15935)	9/26/1998 1:28:00 PM
From: Jorj X Mckie	Read Replies (1) of 42787

Beebs, I think traditionally they say that P&F doesn't forecast. However, if one cannot interpret P&F in some form of forecasting, what good is it really for taking a position? Stated another way, when the NYSE BP turned negative and the P&F'rs started taking a defensive position (at least the true blue-blood P&F'rs), isn't this acting as if it is forecasting the direction of the market? I, too, am curious to see whether P&F holds up well compared to JF and some of the other TA on this and other threads. Probably a fair amount of scrutiny at this point.... Tom

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