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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (19096)	7/1/1999 6:26:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

Right, it's a bit over done now... btw, the bonds were only down a few ticks today... the chart looks healthy to me..... GZ

To: steve susko who wrote (19096)	7/1/1999 6:41:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 99985

We have had 5 up days in a row, I don't know how true this is as I never checked it out, but did copy it. It says to close up tomorrow the chance is 1 in 63 ------------ # of closes in same direction// probability 2......... 3:1 3......... 7:1 4......... 15:1 5......... 31:1 6......... 63:1 7......... 127:1 8......... 256:1 This is a binomial probability of consecutive closes in one direction within one year or 255 trading days. ---------------- Ever one has gotten so use to the market going up every day that. Maybe if we fail to get the 6th day up in a row it will cause a panic <G>