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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (16791)2/26/1999 12:48:00 PM
From: Vitas  Read Replies (2) of 44573
 
you are supposed to start the count again if the index makes a new high, but I know in at least one case, an interim new high did not matter. But then again, it was not a "crash" situation,

wall street lore says that you are "supposed" to start the count over.

I maintain that a new high doesn't matter. In any case, the NYSE did not make a new high, so under any scenario, the count is on.

Vitas
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