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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (17078)	10/27/1998 11:12:00 PM
From: Gersh Avery	Read Replies (3) of 42787

Hi dennis .. Re:"Any decline below today's lows in the Dow will signal lower prices tomorrow" Am I missin' somethin' here? Sounds to me like "if prices go lower they will go lower." And then something about : we had people buy because we knew that the market would pull back then go back up. Here's what I think is goin' on: This guy is good .. very good. But .. he has gotten good enough that he has become a counter indicator. There are some very large pools of cash playing this market. Large enough that when they decide to buy the market goes up. And when they sell the market goes down. So then, if they buy one day and sell the next what have they gained? Nothing. So then, how do they fix this? Time the buy when everybody else is selling and time the sell when everybody else is buying. Know what? That kind of activity can change the charts! How 'bout this: Why not change the charts so that folks will do what you need them to do. Maybe Jerry is being whipsawed through his data! It would sure be nice if the 28th was a bottom. Gersh

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