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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (616)2/4/1998 4:53:00 PM
From: Chip McVickar  Read Replies (1) of 745
 
GZ, If you take the Jan 9th low of 7580 and count forward 10 trading days
to Jan 23rd, the beginning break upwards -- adding 10 days from that puts
you on Feb 6th as a possible turn.

Yes I followed that bisect you discribed and on Jan 30th the market broke
through the middle tine and has stayed above that for 3 days now.

Out of curiousity I went back and used the large spread of Oct high-Oct low,
bisected by the April low of 6391.....the market seems to be responding to
that middle tine with some regularity...crossing, touching or approaching it 11 times
since Oct 24th. The market just approached and bounced off the lower side
it's middle tine again today.

Very interesting
Thank you
Chip
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