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To: Chip McVickar who wrote (28325)	7/21/1999 2:48:00 PM
From: Nemer	Read Replies (2) \| Respond to of 44573

Chip --- No that's a monster big deal..... You have missed a VERY important point, Chip ..... Paddy, should he decide to go ahead with it .... will have one of the poor little mistreated Slevin slaves do it .... and there the little darlins are, just wanting to go to church, and clean up the house, and clean Paddys golfer clubs, and mow the yard, and take out the trash, and all the things the lil darlins MUST do for room and board at the SlevinMansion ...... and I nearly forgot .... wax and polish all 6 cars .... and the carriage, too .....

To: Chip McVickar who wrote (28325)	7/21/1999 3:02:00 PM
From: Patrick Slevin	Respond to of 44573

All the scan would do, for me anyway, would improve (possibly) the reliability of the stats. To go back to what you said originally, Chartists look as an Outside <whatever> as a reversal. Now, I look and say that a 3 week run in the DJIA has a 50/50 shot at going 4 weeks. Not exactly a stat that gives me much, with the possible exception of looking to see just how often it happens (not very). So what I was driving at was, given the likelihood that an Outside Week causes a Reversal in, say, 86% of the cases, then when there is no Outside Reversal I might find that there is now a 62% or better probability that the DJIA will continue on to a 4th consecutive Positive Week. It's just one piece of data, of course, but each of us (for the most part) relies on several pieces of information to try to divine direction.