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Strategies & Market Trends : The Player's Club

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Chip McVickar who wrote (7012)	3/9/2000 12:24:00 PM
From: Bull RidaH	Read Replies (3) of 11513

Chip, Thanks and I'll check those out. My reason for being so bullish is that a 73 day cycle low came in yesterday, and an 11 week low came in at last week's low. Historically, very nice rallys generate off the lows of each of these respective cycles. And with the major indices (ex. Naz) being toward the lower portion of the trading range, that made a heavy long all the more attractive. Regards, David P.S. The fork i'm keying on finds its median at the 2/28 low, left tine grounded off the 3/6 11:20am high, and the right tine grounded off the 3/8 10:40am low. The 11:10am lows on 3/8 pierced through, so the rally into yesterday's high had to pull back to the rising right tine to check it out again. Found support right on the right fork line at 1357.59 SPX this a.m., and now the rally.

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