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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: sylvester80 who wrote (32654)2/23/2002 12:25:22 PM
From: Zeev Hed  Read Replies (1) of 99280
 
As far as I can remember, during bull phases, a single day of a NYSE tic of -1000 was a sure fire signal for the "dipsters" to jump back in, and they were right as long as the major bull trend remained intact. During bear phases, however, a plurality of very extreme readings (often more than 1250) was required to signal a local reversal. The funny thing is that a plus 1000 tic, is not as good a signal for a local top, sometimes it works some times it does not.

Zeev
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