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

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To: Patrick Slevin who wrote (10397)	12/16/1998 7:49:00 AM
From: GROUND ZERO™	Read Replies (2) of 44573

The lower tine of the most recent fork posted by Frank held prices and they rallied from there. (See Frank's recent chart update) It does look positive, but the a/d numbers are negative. So? A rally of 20-25 INX, 100 for the DOW is possible. The a/d can turn positive within a week and, if so, the market will be poised for new highs. On the other hand, if the daily a/d's are unimpressive, the numbers remain negative and prices are still contained within that same fork for the next few days, then another leg lower is in the making. Later... GZ

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