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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (41470)	2/26/2000 1:06:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Actually Mike...we really are on the same page... none of my recent trades have been investment long positions save for 4-5 stocks...i HAD to have...<g> as for our banter here...this is as good a place as any to discuss Market Direction... while fully understand you're current reads...they should be exactly what you are seeing, and obviously nothing more than that... in general...the health and welfare of the markets and the Global Economy are in excellent shape...i had dinner last might with a business person for Singapore...he said Asia is booming, and so is Europe...he has plants in each area... so i understand the short term negative trend...it's been in tact from about 1480ish on the Spoo...and looks like it may go lower yet... i believe based on my reads of our P&F stuff...the NYSEBP is near 30%, very low levels and very oversold here..not saying it can't go lower..but for me it's when it reverses back up, then i'll be investing a lot more, and holding positions for a much longer time frame...ie..letting those nice winners run and run and run... for sure there's money to be made from both sides of the street.. regards..OJ....