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

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To: Tom Trader who wrote (41073)	4/18/2000 1:52:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

<the momentum on the downside > Yeah, you know it almost seems more like Short covering than dip buying......or at least I would not be surprised if someone told me that is how this rally started. If you think of it upside down, when the market has had big upside moves before, it would retrace a bit and people would step up and take it and bid it. Driving it higher. This is quite likely to be the upside down view, it ran down hard, it's retraced, and people are going to hit it and offer it. One thing is for certain, I have to assign these systems a percentage weighing each day. I might not have been so anxious to Sell this earlier if I had taken into account the posture of the trading systems. Seems you must be rubbing off on me, never built any mechanical systems that were worth a damn before. These are doing well enough that it's actually startling to me.

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