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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (37586)	2/22/1999 8:48:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 94695

Morning Bill it was great!!! what can i say about St Maarten...wonderful... ok P&F stuff...ALL indicators are on sell signals...the Big Boy Ind. is the NYSEBP..it's on a sell at 41.90%...over 70% is overbought, under 30% is oversold... there are 6-7 indicators i watch on P&F...2 early warning types are the Hi/Lo index & the Percent of 10, these give short moves in the market...they currently are both well below 30%...i would assume, but will not predict they would reverse soon, to give a short term rally.. now if the rally does happen, and the NYSEBP does not reverse up, this would be a BULL TRAP, and i would short the heck out of it.. Bill i follow these indicators, i do not guess, nor will i predict direction...we call it being the caboose...let the indicators tell us... anyway that's the current thinking right now....