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Strategies & Market Trends : E-Mini Pit

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To: gsp6181 who wrote (5461)	8/19/2002 10:05:17 PM
From: the-phoenix	Read Replies (3) of 11288

Actually, there is a pretty good Bearish Gartley pattern on the $COMPX that completes 1395-1400, or basically at today's high: ttrader.com It is not an ideal pattern, using the .886 retracements versus the .786 "ideal" ones, but it's there all right. The last leg - the 1.272 expansion that you brought to my attention, coincides within less than 5 points with the .886 of the first leg. Given this pattern coinciding with 1400 even number resistance (not to mention 9000 DOW), 50 day ema resistance, and all the other short-term overbought indications, I will probably short NQ on any gap up tomorrow, or on a test of 1400 on the $COMPX.

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