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

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To: Patrick Slevin who wrote (41032)	4/16/2000 11:12:00 PM
From: Carl R.	Read Replies (1) of 44573

Hi Pat. I haven't been trading since the first of the year (unfortunately) so my butt is hang out there. In the past I've always been pretty well covered up when these things hit. I haven't updated my neural models in months, but they went short a couple weeks ago, and are still short, in general. I did a plot of the DOT versus the 1991-1993 biotech crash, and the plots are identical. This leads me to believe that we see a pattern similar to the one you describe, with a gap down in the morning, and then stability. Note that there was no strong rally at the bottom, but rather a flat period, followed by a rally a few weeks later. I don't expect much of a rally for a week or two. Next week is options expiration, and that should provide a little support for a weak rally later in the week, though I expect a re-test of the lows next week. Carl

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