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

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To: GROUND ZERO™ who wrote (8254)	11/10/1998 3:01:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

<Selling is coming> I started to get that impression the other day. I think the two recent spike ups were largely due to short covering in the face of aggressive buying but now, there aren't as many selling, I think, and the people who usually buy the mid-week dips for a 2, 3 day trade don't seem to be coming in. I thought the spoo could get close to 1160 but the steam is coming out. Maybe one more run, I'm thinking, then back down. Anyway, it's following the pattern I had in mind this morning pretty well, but to make it perfect it has to move up strongly into the close from here. On the other hand, the person who taught me how to read patterns has it moving lower so it just goes to show, nothing exact about pattern reads.

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