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

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To: GROUND ZERO™ who wrote (13933)	1/27/1999 9:07:00 PM
From: Jerry Olson	Read Replies (1) of 44573

GZ you're right...this kind of action was not in the cards..way to many bulls, way too many problems.. all my indicators say we;re in trouble..but i should caution you and everyone here...just because the NYSEBP has reversed down, does not mean we crash tomr... red blinking lights are out and about...it means take profits on big cap money stocks, that are overblown with profits...it means no new positions in any stock showing signs of breaking down or rolling over... in P&F parlance..any stock in RS in O's, and moveing down..so be very careful when taking positions in stocks that could tank on any surprises... i will sell all my holdings into strength, you should do the same.. in Apr-May time frame 1998, the NYSEBP reversed from 70-75% down..it took 2 months for the crash senario...here it reversed down from 58% BUT after it reversed up from being down already...this new move is not good... i would be xtra careful on anything of any bullish nature... stay fast & loose, just like you've always been...the markets GZ will be here tomr, and yes, even the next day...:>}

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