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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (19053)	1/27/1999 6:04:00 PM
From: dennis michael patterson	Respond to of 42787

Judy, he said "late January." We're there. I cashed out everything today (except AMZN, EMC and SGP)

To: Judy who wrote (19053)	1/27/1999 6:08:00 PM
From: Margaret Mateer	Read Replies (1) \| Respond to of 42787

Hi Judy, I raised cash today when I heard about the NYSEBP turning down. This is the indicator that turns LAST of the four main indicators. The others had signaled that the downturn was imminent but you never know until it happens. Of course, the strongest stocks can keep going up but in the context of what is happening in the market right now with the banks and the utilities weakening and with sentiment being so nauseatingly bullish and McClellan Oscillator reversing down again... well, it just doesn't seem likely that we can avoid a more serious correction. I don't have a target but I like watching the more sensitive of the PnF BP indicators like the 10 week and the High/Low and they'll signal the turn first. Chuck Carpino had the low on Jan. 22 and then an uptrend into "late January". We could be there. Then he's looking for a dip and another short up phase into Feb. 5 BUT that could easily be a lower high than yesterday's high. In fact, the way it's drawn, it sure looks like a lower high. Have a great night, Peggy