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Strategies & Market Trends : Point and Figure Charting

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To: James Strauss who wrote (20510)	5/27/1999 6:29:00 PM
From: Jerry Olson	Read Replies (2) of 34811

Jim for a 250 point down day today..it sure didn't seem that bad...even the SPX & OEX, they didn't go down easy... i think when we take everything into consideration..we are pulling back from overbloated levels and will wind up right in the middle... even if the NYSEBP reverses now..it would be from a much lower level..at 58% or so...and look at the net index...almost oversold at 30%, and the DJBB hit the bottom again...if and when it reverse it will be in perfect shape for a bond market rally... stocks will rock too...no i'm mildly cautious...trading as best i can, without being crazy...staying calm and trading the game plan...today was very good for me...

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