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Strategies & Market Trends : Pitbull Investing Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Doo who wrote (561)12/16/1997 1:15:00 PM
From: Ralph Garcia  Read Replies (1) | Respond to of 789
 
Jeffry,

A daily rendering of the indicator is displayed @ wwfn.com. While Henry claims the indicator is not a market timing tool in the sense that you could trade the S&P. It is suppose to allow you time to exit the market. The PCI is a warning of serious imbalances in the market and a likely correction of 20% or more. As difficult as the past few months have been we haven't come close to that number.

Its just another tool to use. Henry claims a 10% false signal rate.

Ralph



To: Doo who wrote (561)12/18/1997 1:21:00 AM
From: John Langston  Read Replies (1) | Respond to of 789
 
Jeff: Don't forget that Henry's PCI doesn't give warnings about corrections, only crashes. Of course, when you lose money its a crash, and when you lose a little, its a correction. Right? (g)

John


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