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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (15513)2/12/1999 10:19:00 PM
From: Jorj X Mckie  Read Replies (2) of 44573
 
Hi Tom,
In lieu of OJ, I thought I would drop by and give you a P&F update. Probably less exuberant than OJ, but I should get the message across quickly.

Still ugly. The main leading indicator, the Optionable Stock Bullish Percent went down again. We would expect it to turn positive a little bit before the NYSEBP. When the NYSEBP turns positive, that would indicate that we have hit bottom and are starting back up.

Of course, these are general trends rather than daily turns, so it doesn't mean squat about what the market activity will be on Tuesday.

JXM
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