Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (261)	12/30/1997 8:24:00 AM
From: Chip McVickar	Read Replies (1) of 745

Good Morning GZ Ted has just asked a question that seems very important to the system you have worked out and the successful use of its signals. What puzzles me is how do you know an objective has started or been met. Why was this turn of yesterdays 113 + rise an indication of a cycle reversal and an upward trend. Just a few days age we also had an upswing of 20+ points.....was this not a stronge enough signal? Also...the market is now working its way up the lower parallel of the new pitchfork....if the market crosses this parallel at any time...would you then take this as a signal to move out of a position on the upside or wait for further conformation. Lets say on paper, today I bought a call on the DJIA for 8400.... At what point would that position become suspect...realizing we are not predicting...but following signals. Thanks Chip

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