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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (5442)10/6/1998 11:05:00 AM
From: Stoctrash  Read Replies (2) of 44573
 
Carp's Cycle update:
Looks for a ST HIGH on the 7th, then a LOW into the 9th.
From there he see's UP into the end of the month, 26th-28th.
Another set of HIGH's show up on 11-2,3 ....then a NASTY NASY DOWN move into a LOW on 18th-20th of November.

His words:
"Stay in cash Another nasty drop into Nov is likely. The high could be spread out over a two weeks or just peak in on day. The end result is a sharp low into mid month(November)."

Cycles in OCT. are positive so I expect a rally back to near highs of Sept. No guarantees with so much turmoil in the world markets. Very, risky here, I would advise to delay longs until min-Nov. Maybe a higher low there would set up a better buy point."
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