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

To: IQBAL LATIF who wrote (21571)	11/21/1998 3:53:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hiya IKE.... well my friend, at least my indicators came thru with flying colors...you commented in "French" absolutemon.....heh heh... both the DJIA & SPX are on buy signals...amazing P&F charting.... 580 looks to be the top of the OEX...when it printed 545 good bye city... anyway things look TOO GOOD to be TRUE...:>} there is nothing out & about that even "smells" like trouble...soooo let's watch our butts....<gggggg>... just when we least expect it!!!! WHAM!!!!!!!!!!....the SOX index is straight UP!!!! i'll look at it and give you a read... anyway it's cold and windy here Ike...how's gay Parreeeeee????....!!!!

To: IQBAL LATIF who wrote (21571)	11/21/1998 4:29:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

IKE I just looked at the SOX....there's trouble ahead... first the RS just reversed into a column of O's which is NEG momentum... the index has gone straight up 25 consecutive boxes one hell ofva run!!! my first guess would be a 1/3 retracement down to 275 which is good support..if it heads further south say at 50% then the next line for defense is at it;s BRL(bearish resistance line) at 250ish... the index has not reversed the normal 3 boxes for it's first sell signal yet...it may trend higher, but not very much if at all...the first 3 box down move would be 295 on the index..."this would be a sell signal"... i might jump in early considering the enormous runnup from out of the clouds... i have been talking about caution in the semi equip sector ala AMAT-KLAC-NVLS-KLIC, they might get beat up here a bit...they have ALL doubled from the bottom we talked about a month or so ago... anyway just doing my P&F thing<ggggg>.......