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

To: uclatrader who wrote (23226)	2/3/1999 1:45:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hi Shuo what will make me bearish???? nothing<ggg>...!!!! my current thinking based on P&F indicators, is we will eventually correct from some level??? i don't know when, or that level.. what the indicator says is to be careful...don't chase stocks, wait for them to pullback hard and then buy for a trade... the last time the NYSEBP went negative, it reversed back up to positive, rather quickly...i have the same feeling today as then... it's a little hard for me to explain, but i think from the 50% level the downside will be minimum...at worst case 8000-8100, but i really think 8650-8700 is more like it... the fundamentals of this market are way too powerful for any large selloff...unless AG raises rates...he won't, not now..maybe 2 months from now, but not today... if he does then all bets are off... downside support is 9000-9100...... hope that helps...i'm still very bullish.....i will continue to buy all the big dips...