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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: James Strauss who wrote (11039)	12/25/1998 5:05:00 PM
From: Jerry Olson	Read Replies (1) of 44573

Hi Jim hope your having a nice start of the Holiday.... Jim as you know we've both been very bullish at the moment...but whats being missed here, is even though the markets are so-called overbought...they can be that way for months... a lot of money and power out there right now...i see NO reason for this market to selloff...i have not purchased any puts at all...not yet...i'm long this market and won't change till my P&F indicators tell... Also there are 4-5 indicators that ARE on sell signals...But Jim from much lower levels than in July/Aug....then we were at nosebleed numbers on the NYSEBP...over 80%...here we reversed down from 60%, sitting at 51%...right dab in the middle of our playing field... we talk about stocks and sector as in football terms on P&F...were on the 50 yard line...and moveing UP toward a touch down... i'm positive we will run to all time new highs...

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