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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (22741)	11/28/2001 10:23:17 AM
From: sun-tzu	Read Replies (1) of 209892

hey tip, regarding alan newman's data, that makes intuitive sense to me. however, given the market's recent action, obviously al green's printing press has worked. i suppose the question is whether or not it can continue for a greater length of time than it already has. my feeling is that current seasonality makes a move up to the close of the calender year highly likely. upside action in the january to march timeframe is certainly fundamentally debatable. in my mind, even if alan newman is right, the sheer size of this most recent injection is enough to keep up the historical precedent. <The '98 - '99 action was quite ferocious> this seems pretty damn ferocious to me. i traded 98 and 99, this seems like deja vu. <Also -- a 10 day p/c ration of 0.3 must be a very rare phenomena > not as rare as you think. i'm pretty sure we hit that this past May. my database is at home and i'll respond further to that when i get to look at that again, but we've been there a number of times in my trading lifetime.

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