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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Arik T.G. who wrote (3499)	9/9/1998 8:32:00 AM
From: Tom Trader	Read Replies (1) of 44573

Hi Arik >>I say the indices will lose in the next two days more then they gained today<< Could be but IMO, that is unlikely >>By Friday we'll have a new low. IMO 70-30 in favor of that happening. A new low by Friday--now I take it that you mean this Friday?? I'll stick my neck out on this and suggest that this will not happen. Now that is not to say that we may not be much lower by Friday than we are now--but a new low does not seem to be on the cards by the end of this week. >> Care to wager a Baqlava? Now that would be like taking "money" away from the innocent:); on the other hand since you did not say that what you would give me in the event you were wrong--may be this is a no lose proposition for you:) Seriously though--and having seen your response to Steve,--I know that you base your opinion on the wave count but there really is a danger in not adapting to the changing dynamics of the market. I still believe that we are in a longer-term down trend but the short-term trend is now up -- now that could change today or tomorrow or next week--but until it changes, we should be willing to demonstrate flexibility.

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