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

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To: Jorj X Mckie who wrote (15242)	2/10/1999 9:09:00 PM
From: Tom Trader	Read Replies (1) of 44573

Thanks for the link to Jan's market update Seems like a rather bleak picture if I am reading it right Most of my knowledge of the status of P&F indicators is from OJ -- and it seems that it has been remarkably accurate in catching tops and bottoms over the past few months -- which is about as long as I have followed these signals. I am curious about one thing: when the various P&F indicators give a sell signal, why do you not recommend shorting stocks as opposed to being in cash? It would seem like the thing to do when prices are likely to head down -- and then cover when the indicators flash buy signals. Am I missing something??

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