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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (19230)	3/24/1999 3:14:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Hi Don Actually P&F indicators are very accurate in the sense they are showing you supply and demand... recently from 9100, those 2 short term indicators reversed up, giveing us that signal to go long, albeit, with trailing stops, not knowing how far up we go, or if we turn abruptly down again... i traded that signal upto 10K, successfully i might add... now 1 indicator the Hi Low index turned DOWN again, and that usually signals to bail out...the other indicator the Percent of 10...that';s the 10 week mva of all stocks on the NYSE, is also ready to turn down... and Donald all the while the other 4 indicators are still in a column of O's... so imo, it is now time to take some defensive action on one's portfolio...sell covered calls, sell your position, buy puts on the stock, or index...OEX comes to mind... we could run back up again near term thru end of the month window dressing, but you won't see 10K for awhile..i don't think... always enjoy your thoughts Don...i was out of line over at the MDA thread...not unusual for me though???