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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (14753)	2/27/1999 2:04:00 PM
From: chartseer	Read Replies (1) of 34811

Hi OJ! Yeah I turned bearish after short covering rally petered out so quickly. May have had more to do with option expirations than short covering panic. I figured with all the bearish indicators that it would not take much to start a short panic rally but it didn t really happen. Now I am seeing the opposite side, rally ran into selling instead of short covering panic. The fact I am long DJX puts with a March expiration should be reason enough to go long till then. But don t expect the Dogs to participate. Then again what the heck do I know? Chartseer PS: You could always do nothing and sit on your hands for a while. YEAH RIGHT!

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