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

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To: Bull RidaH who wrote (18722)	3/18/1999 10:31:00 AM
From: Bull RidaH	Read Replies (1) of 44573

We made a run at yesterday's high, but did not take it out. As noted in this post Message 8366357 a 22 day cycle high was set for yesterday. If we exceed yesterday's NYSE cash high, it would give an inverted cycle buy signal, and we'd probably move strongly higher into Monday. But of course, that's a big if, but ANYTHING is possible. That's the key to making money with this system... Remain opinion neutral and take the signals as they come. If yesterday's NYSE cash high is exceeded, I will close out all shorts and go long. For those who didn't short yesterday, the market is still a short as long as that high isn't taken out (around 614.10). Obviously, the closer a short is put on to that number, the better. Only 30% of cycles result in inverted signals, so the high probability bet here is to short this strength with a stop at 614.20 basis Nyse cash. David

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