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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (56886)	2/24/2002 5:09:54 AM
From: GROUND ZERO™	Read Replies (1) of 94695

I think it would be worthy of our discussion on wiggle patterns to look at the March Value Line, there you can see a well formed three day sell wiggle right at the top of the market in early January... charts3.barchart.com Then there's the NAZ, look at the double top three day sell wiggle occurring on January 9, 10, and 11... charts3.barchart.com We can also see a second day variation for the Dow... charts3.barchart.com And the SP's... charts3.barchart.com All of these major market indices may still be working lower off those wiggle top patterns... I took a short March SP at 1094 in Friday's late afternoon rally based on the possibility the buy wiggle pattern in the SP's does fail... I first took a short at 90 and then it sold off to the 74.50 low of the day, but then I was stopped out at 88 in that late rally, I took only two points in that short trade, then I reshorted at 94 in that late rally..... Message 17100245 GZ

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