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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (8183)	10/3/1998 2:52:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34808

Hiya Jim well i don't know really...lots of craziness out there right now... remember NYSEBP is in a column of X's...has not reversed, but just might... Oct scares the hell outta me<g>...but being a "bit" of a contrarian we'll probably explode to 81-8200.....he he..... actually Jim we hit my near term target of a 50% retrenchment at 8100-8200...we just tested the lows again...they held...7500ish... extremly negative, bearishness out there right now...i have felt & seen this before...usually means a major rally coming... Gigantic amount of cash on the sidelines....BIG too....:>} could be a real Surprize Rally, catch the shorts with their shorts down....one never knows though... hey the defense is still out there, but boy is it skewed ...... the whole enchalotta(sp) is to da left side of the field....hmmmm, we're close to the 5 yard line, we get the ball, and everyone is at the line, POP!!! goes the weasel......heh heh heh!!!!!!!!!!