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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Gersh Avery who wrote (5054)6/7/2000 12:40:00 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
<supposed to mean a probable up day tomorrow?>

Not necessarily. Just that it's possible that was the beginning of the move to Point 8 of the 10 point Cycle. Point 8 could be a shallow move then a steep drop to Point 9 then a shallow move to Point 10, creating essentially a one way down day.

In this particular system, the Cycle Day in question is always...or at least always seems to be...a screwball day. It's the tail end of the Cycle. I think the E-Wavers call the 4th Wave a difficult one to get a feel for. Such is the case with the Cycle Day that encompasses the 8, 9, 10 Points of the Cycle.
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