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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (7901)11/5/1998 9:04:00 AM
From: Patrick Slevin   of 44573
 
<the WSJ article >

Yes, it is correct not to say anything one way or the other. I am Politically Incorrect, however and shoot off a post to or about him every few weeks. I sometimes wonder why my Internet friends from Fly By Night never work on him.

<the pitchfork>

Fred's post on Dr. Andrew's has me a bit intrigued. $25 a session sounds inexpensive enough. I only wonder if I am trying to do too much. Further, how many tools can one use? Also, the fact that he incorporated E-Wave has me a bit put off as I never got though A, B, or C Waves...much less figured out E Waves.

<I am looking to buy this gap down >

Hey, power it up. I'm a position trader now, held overnight and everything. Perhaps I can take a page out of my friend Joe Park's book and tout the SnP higher so I can bail out.

I think that as usual no matter what AG says the market rallies afterward. It's the uncertainty ahead of the talk that will have the market cautious.

Pattern-wise, It's a three point day, perhaps 4. The 8,9,10 (perhaps 11) points which make up the final leg of a pattern. (E-Wave guys love this kinda stuff). Which suggests to me, a rally to point 8; then a pullback to 9 and an advance to 10. This fits in with the coincidence of AG speaking. A run up early then selling down ahead of the speech and then a bounce.

Because it's unlikely that point 8 hit yesterday, the high today "should" be higher than the late afternoon high yesterday of around 1125.
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