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

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To: Chip McVickar who wrote (27192)	7/9/1999 10:49:00 AM
From: bearshark	Read Replies (1) of 44573

Chip: For the initial move from the INDU triangle, I wanted to see volume above 825 million NYSE shares a day. We had over 1 billion. That is very bullish. I was also looking for 130 million in the first half-hour of trading on one of those days. I don't think that was done because of the timing of the move. Other volume analysis also adds to the bullishness. So I consider the initial move to be the real thing. Currently, the volume is staying around 800 million a day and that shows interest is being maintained. The next move up should be accompanied by high volume again--maybe above 900 million NYSE shares. I expect the move up to be abrupt and sharp. If we cannot get to our mini-correction points, the chase is on. I was also hoping to see the IIX and DOT go through the apexes of their triangles at 325 and 640 respectively. That has been accomplished. In short, we are set for a huge move up.

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