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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: peter n matzke who wrote (17807)	3/5/1999 1:45:00 PM
From: Bull RidaH	of 44573

Peter, By darkside, i assume you mean long, right? <g> Nope, not long, and if i were, i'd be selling into this strength over the next 7 trading days. i took on some mild shorts to cover at what i believe will be a short term low on Tuesday. But it is not time to go nuclear short yet. That time will not come until early in the week after next. This is simply a wave 2 bounce after the wave 1 decline from Wednesday a week ago's highs. this wave 1 down terminated at the lows on Wednesday (right where GZ bought at 1218... Good job!). We're wrapping up the "a" wave of this wave 2 bounce, and will see a dip for wave "b" into early next week. Since wave 1 down was a dud, wave 3 has alot of ground to cover when it begins. Regards, David P.S. haven't had a chance to apply that formula... is it suited for W.O.W.? and on what security and time interval did you want it on?

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