Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (17149)	10/18/1998 1:38:00 PM
From: Judy	Read Replies (1) of 120523

Jer, Why is PFE still a short now? When the market was caving, the oil services stock were bought. Money can be made with proper value entries at market pivot points than trading the swings in momentum stocks. The risk/reward ratio is in your favor. That the P&F indicators have reversed up is expected after the market action last Thursday. Big swings and huge breadth will reverse things back up, but near-term staying power cannot be gauged by P&F. P&F yields a good picture of the overall intermediate-term context but is not effective for trading.

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