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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: The Jedi who wrote (3753)	9/10/1998 10:53:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 44573

Hi Kiri... yes P&F is more of a positional trading indicator...however it can reverse quickly based on intraday numbers... right now the BIG indicator in all of P&F Land, is the NYSEBP, it has NOT given a BUY signal, and still is on a sell...it gave a wonderful early warning sell signal in Apr-May this year...well before anyone knew anything.... if you check with Jan or Tom on the SPX chart they would interpret this a little different than me...it could have reversed yesterday asa short term sell...but i don't know that... there's a lot of bearishness out there...fear creeping into the markets...sets up bullish implications...the markets will discount quickly any Clintongate..IMO...and refocus on AG & earnings...