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To: GROUND ZERO™ who wrote (25978)5/2/1999 3:37:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
Hi GZ

yeah so i read...tired??? maybe...they said that at 8000-9000-10,000-and now 11,000...

let me tell ya my current drift...

The NYSEBP is around 53.8% in a column of X's moving up..a BUY signal would be at 60%...A BUY SIGNAL!!!!!!...now hold it<g>>...

My early warning indicators just touched 70%..the Hi/Lo index and the Percent of 10....if they surge thru this level, we could see a short violent pullback....i'll update these 2 indicators daily...this first sign of trouble would be a 3 box reversal down....

but GZ...200-300-400 points isn't too much to bare<g>..bear???

Now if the NYSEBP gives a buy signal at 60%, we should be able to run up above 11K towards 12K...imo...so a pullback could be a perfect senario to trade hard...

i too am holding all long positions thru the 11th or so, and will re-evalute week to week...any selloff imo, would be a major buying opportunity from here...

i'm very bullish...still...

regards guy.....



To: GROUND ZERO™ who wrote (25978)5/2/1999 10:18:00 PM
From: Moominoid  Read Replies (2) | Respond to of 50167
 
I reckon the market will be flat to volatile but bottoming the first two to three days and then up in the second half of the week. That would be pretty typical of the recent waves in the indexes (based on SP500) given where various standard indicators are now. The overall trend is up IMO as long as the McClellan summation is generally heading up.

David