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

To: donald sew who wrote (38760)	3/19/1999 8:59:00 AM
From: Jerry Olson	Respond to of 94695

Actually Don.... in P&F "speak" we talk in terms of Football Field position...it's for ALL sectors of the market... we are actually to the left of the 50 yard line, meaning the short side...the bull/bear/correction crowd, is almost in the middle... we aren't skewd to one side or the other... so you correct in saying we should middle this indicator... when the playing field gets oversold/overbought then extrems pop up, and you do the direct opposite of the condition...below 30% would be very bearish, so you would buy, above 70% would the opposite... believe it or not Dorsey is cautious, has the defense on the field, but, 2 short term early warning indciators turned UP, and so are all the others getting better even at these levels... so i'm bullish near term, and will continue to let my options and stocks run as long and as far as they can...using the leverage of all this euphoric, bullishness here and worldwide...to my advantage... Don, i'm just a passenger on this freight train...and it's moving at breakneck speed... could it crash and burn, sure, could it hit a bump in the road definately...hey, i'm cool as can be, even at these nosebleed levels...i learned to let the markets, and P&F indicators tell me!!!, i do not lead them...<g>...