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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (28984)	7/30/1999 8:49:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Yeah, I recall those days. Someone had a theory at the time. I think it comes from Mark Cook. This person's theory was that the market would bounce for a few days when the TICK hit -1200 or so. I recall it was a Thursday because I was speaking to Camp at the time and asked him. He guessed that the following Monday we would see -1600 and we did. The next day was a Tuesday and it hit even lower. Then it bounced if I recall correctly. I do not have that data any longer else I would retrieve it and check. Now yesterday hit -1408 per my current data.July 22nd was a bit lower at -1431. Then the market continued lower for two days before recovering. I dunno, I never got comfortable using that indicator for this very reason. You never know when the darn thing is flatlining because it can always get worse, or so it seems.