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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (22010)	12/18/1998 5:58:00 PM
From: Jerry Olson	Read Replies (1) of 50167

Hello IKE hope you and the family are well.... excellent post my friend...Tom Dorsey and the P&F indicators are mostly on sell signals...but Ike from much lower levels.. what I mean is, when the NYSEBP this is the Big Inidcator went bearish in May of this year, it took about two months for the markets to come tumbling down, from an overbought level at around 80%....at the top... at this time the NYSEBP hit 60% & reversed down to 51%, about in the middle of the playing field...several other short term indicators have alerted us, even before the NYSEBP turned down... so there is some near term concern, but not like back in July/Aug/... i feel we can stay fully invested in our long term portfolios...but have a wonderful time trading the ranges of our terrific groups of stocks we all follow...hit & run, scalp & flip..but making good money and selling quickly... and IKE all the while, on any major pull back just add to our longs, with a smile...<gggg>....... Ike it's been one hell of a year my friend... I hope you and the family have a healthy happy and properous New Year...from my family to yours.... My Regards as always Jerry

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