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

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To: Chip McVickar who wrote (20489)	4/7/1999 9:56:00 PM
From: Bull RidaH	Read Replies (3) of 44573

Chip, Cycles remain biased on the long side, and recommend a sell of the high of the day on Friday. The absolute high for this move COULD come tomorrow however, so I am definitely getting ready to go short. I've been recycling longs intraday, and went into today's close long. My guess is we see a strong move up tomorrow, and probably close near the mid to upper range for the day. I don't see this market getting much past 1337 to 1342 for now, but a strong break of 1342 could convince me otherwise. Keep an eye on the wedge that is forming over the past 5 trading sessions. I will highlight this wedge, an ominous pattern, in my 2 week chart update in the EWAVE section at: homestead.com Regards, David

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