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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (41441)11/22/2000 8:12:16 AM
From: SE  Read Replies (1) of 44573
 
Well, interestingly enough, I have today as either A shaped or one way down.

The relevant dates are slim, but it should resemble either:

2/16/00 -or-
6/10/98

I have a low point coming at 9:55 with a 21 minute leeway. The high point is very squishy and since I lean to 2/16/00 I expect it to be early. The average time is 12:07, but the standard deviation is 3 hours, so it is somewhat meaningless really. The final low should occur around 15:37 with a very tight leeway of 3 minutes. That should be interesting.

So the whole day hinges on the middle high point. Should it be quick, we have a one way down. Should it arrive late, it is possible for an A shape.

I have five true gap days, all closed. This also is meaningless as a true gap will likely not be much of one. Nominal gaps 40/41 with 27 closing. The ones that did not close appear to be most of the larger gaps, like today. So that would hint that we don't close. However, with such a large gap, that does not necessarily negate an A shaped day....so back to where I started. A shape or one way down. Trend overall will be lower for the most part.

Now I have to put my attorney hat on and read the SC decision and see if I agree with what they did.
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