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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 (22234)5/4/1999 2:16:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 44573
 
Hi Donald

i was at a long lunch today<g>...

i'll answer both posts..Triangles...and Cycles..i have no clue what a cycle is??? and certainly don't know about any 9 month cycle...really do want to know either...as you know i trust P&F exclusively to LEAD me where to go..i can not and will not predict...

as for today, your calls were right on...nice going...since so many wall street gurus have called the so called<g>, market top, i doubt this is it...in fact i'll bet on it....well, i guess isnce i;m still long, that would constitute a bet, right???<GGGGGGGG>.....

we could have apullback here, or for that matter anytime or anyday...who the heck knows??? not me...and if we selloff somewhat, so what??? correction??? well we can call it whatever anyone chose's to call it... it won't be a major move..so i'll sit chilly...

as for the nets...i feel we are at a very critical juncture..if the DOT breaks below 625ish we're going to 500...now that WILL be nasty..since i sold my heavy positions in the last 2 days, and moved to June for some trades i feel very prepared for whatever is going to happen...

also alot of the nets are at support, if it breaks i would even be able to guess where they will end up...

so i'll continue to trade my game plan...feeling very good about the last 2000 points, it has be very rewarding to say the least..

i always enjoy your views and please keep up the great work you do here....

regards Jerry