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

To: Tom Trader who wrote (5654)	10/7/1998 10:10:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

TT ME??? change my mind??? HA!!! no I'm still short term bullish...I'd like to see us hold this rally today...i feel alot more countries will cut rates this week and next.. The NYSEBP, when it turns down IS negative, BUT TT not from these levels...what I mean is we are SO low on the indicators, it becomes a bullish outlook... it reversed down from 30% to 24%...if we hold and reverse UP, the we become BULL CONFIRMED, which means buy NOW!!! this indicator turned negative late Apr-May, and called the fall within 6-8 weeks...now Tom Dorsey is saying, in 18 years this indicator has reversed down from going up 1 time...at the low levels of the indicator, he deems it a set up for a bullish move in the markets... i personnally feel the markets selling into strength... good news will be discounted for now...BUT, it's bullish in my mind...we both have seen and heard this before... caution is still the name of the game...