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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (18300)	4/17/1999 1:03:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34811

Hi Jammy well THAT is good news...seems to me we may have a NYSEBP reversal shortly... that would put a floor under any meaningful selloff imo..yeah we could correct but it won't be much... i'm still very long, picked up some beaten up High Techs last week...and held others just because my original entry prices were very good... now, i think we have 2-4 week run here to all time new highs...the NAZ got beaten up some last week, but for my money that was very good..all the indexs reversed down for a day or two except the DJIA, and we needed that pullback...just look at the SPX...perfect...hit the top on a high pole and sold off, as per "it should have"<G>... now we have a "new" chance to rock higher from here...the DOW is just not gonna give up right now...all we need is a small 2-3 day selloff and then Kaboom...... i was watching several high quality stocks on Fri, re test their recent lows...they ALL held...let's now see what the next 2-3 weeks brings to the markets... a lot of people are saying we are in a "BLOWOFF" phase...yeah sure we are...they say a BEAR Market has just begun<g>, yeah sure it has... gee whiz...all these technical gurus, just plain don't get it do they???...they keep scratching their heads and saying," how can this happen"???? Piffing would tell them... anyway, i'm long and lovin' it...as long as the bears/shorts still are "expecting" and "hoping" for a correction, we will move higher...it's when the capitulate, i'll be "outta here" FAST!!!! whatca lookin' at sweetie...there are some nice High Tech Quality stocks out there "ON SALE" and at support... oh ah, hmmm,, yeah, QCOM comes to mind....hehehehehe