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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (6976)	3/26/1998 7:30:00 AM
From: Vitas	Read Replies (1) of 9262

[sequential et al] Rainier suggested that I ask you about your 8 to 10 New Price Low: <The 8 Count is mentioned to make you aware of a possible 9 Count Setup. While a number of days from 8 to 10 (Ask Ray Cunningham about his 8 to 10 New Price Low) can trigger a snapback to a mean value of an issue's trading range, it seems that the number 9 might have been more popularized due to the specific mention of it in Tom DeMark's works.> WMB (Williams Cos.) gave a sequential setup at 8 down, prepare for a possible valid 'Nine Count' setup down on the next bar on Wednesday's close. If you could please shed some light as to what to look for in terms of confirmation from the sequential itself, your variation, or other indicators I would appreciate it. One thing I noticed is that it is pulling back to near its 50 day simple moving average. Thanks, Vitas

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