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To: Ms. X who wrote (23220)2/3/1999 11:56:00 AM
From: Lee  Read Replies (1) | Respond to of 50167
 
Ms X,..Re:. The NYSE BP reversed down over a week ago, yesterday
it gave a sell signal.


Thank you very much for the info. I read your great thread for a couple of months and bought MFNX based on one of your posts. Again thanks for good ideas. Just wish there were more time in a day to read and learn more. Maybe if I traded more it would be more incentive to take up the PnF discipline strictly, but since my experience in the world of investing/trading is limited, I prefer the NYSEBBP as a useful indicator for overall market sentiment; therefore, it's easy to take the lazy way out and watch the main indicators. <g>

Thanks again very much for the clarification,

Lee



To: Ms. X who wrote (23220)2/3/1999 12:01:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 50167
 
Janie

thanks for the correction...heading to lunch...and as you saw, i sold both stocks today at the highs...

but.....i'm very frisky still......what can I say????....:>}



To: Ms. X who wrote (23220)2/3/1999 1:18:00 PM
From: Judy  Read Replies (2) | Respond to of 50167
 
Hi, Jan

The last time the NYSEBP gave a sell signal as with the utility and banking indices was in late April, no? And the time lag for the market to launch into a definitive fall was about two months when the rally failed to broaden out to provide a structural base, right?

On market strength, I'll protect healthy profits with loose protective stops ... but shall let newly initiated longs run ... on my belief when the market sells off the money will rotate into these sector(s). After all, this is the gist of sector rotation.

btw, the market shall chop around, but the buying seems to be broadening slowly out to small/mid caps with sequential quarterly earnings growth, witness BOBJY ... a little stock I traded in and out of long ago.