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Strategies & Market Trends : The Player's Club

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: BG Smith who wrote (3262)	12/26/1999 4:29:00 PM
From: GROUND ZERO™	Read Replies (1) of 11513

Yes, that would be a five day wiggle pattern, but it was finally completed on the seventh day (now, where did I hear that before<g>) when the market closed above the high of the first day... yes, the third day, in fact, must be lower than the second day and then close above the high of the first day... but, if the third day closes lower, then it can count as an extension of the second day... if that occurs, then the fourth day needs to close above the high of the first day which is also the day of the low of that move..... did you get that? GZ

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