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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (13808)	1/12/2000 12:57:00 AM
From: Jorj X Mckie	Read Replies (4) \| Respond to of 63513

My last post for tonight.... The bears were showing a chart last September that showed a 99% correlation between the indices today and Japan...the charts suggested that the next day was the day that the window jumping started, then the next, then the next. Make no mistake, this market scares the crap out of me, but I am trading a plan and I would be worried if I wasn't scared. It is when I get jubilant that I know that we are in trouble. John Pitera pointed out that you can tell that a top is near when this thread gets jubilant (some threads are always jubilant). He seems to be right. Today was certainly nothing to get excited about in my account, but I follow my indicators. darkestbeforedawn.com

To: HG who wrote (13808)	1/12/2000 1:07:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 63513

However, if you sit back until March you may find the indicators more towards the over bought area and the sectors skewed to the right. Fundamentally the market looks more appealing when it is over bought because it has been moving up steadily but that is when the most danger occurs. If you look at the NYSE BP and the Dow chart you will notice prior to market corrections the NSYE BP reversed down from over bought territories. We are not in over bought territory now but if the indicators continue to move up we will get there. Once we are there and the NYSE BP reverses down that will be the absolutely wrong time to be in the market. I'm not saying that is March... If I had to guess, which I hate to do, I'd say given that the indicators are in X's and moving steadily daily, we could see the charts close to 60% by March. That puts us close to the danger zone. By April we would see close to 70% and that is a very uncomfortable place to be. I'd rather invest here while the market risk is low and the opportunity is much greater.