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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (19738)9/1/1998 8:59:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
IKE

That's why I subscribe to Point & Figure...the NYSEBP is still in the negative...it reversed down on May 13th...and every P&Fer on that thread sold stocks and became very defensive...

it's at very low levels right now...there are 5-6 other indicators in Dorsey Wright that are all negative still..

i'll report here when things turn for "REAL"..

The NYSEBP---New York Stock Exchange Bullish Percent.....Indicator is the Big Boy of indicators...

We need to watch that the numbers you talk about are not resistence numbers... for the short term....it would be nice if we can take them out on a closing basis, and then try to re test the lows again to clean out the bears...

I'm waiting very patiently for earnings & guidence from the Big Caps as to what THEY see out there 1-2 quarters...

IKE this is very exciting to say the least...

BTW I have NEVER seen LOCK LIMIT UP!!! i have seen it down though,,,,,,,.:>}



To: IQBAL LATIF who wrote (19738)9/1/1998 9:28:00 AM
From: IQBAL LATIF  Respond to of 50167
 
If one goes back to June of 1997, you will find that 7500 has been a very strong support as well as resistance of S&P at 970 is also traditionally very very strong it is nearly eight times before it was taken out so I will be concentrating on this as a support which holds..Look at the charts and go back to June 97--