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

To: Chip McVickar who wrote (31618)	8/26/1999 12:20:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 44573

Chip, We had a cycle sell signal due on Monday, recommending a sell of the high of the day. I tried to catch that high, but got run over in the process, and the Monday high was subsequently exceeded on Tuesday, issuing an inverted cycle buy signal. So cycles look bullish going forward on a short and longer term basis, with the next signal coming on Monday... A strong cycle recommending buying the low of the day Monday for a profitable trade. Between now and then, it wouldn't surprise me if we sagged a little, but a move to 1320 would be quite shocking. I'll be a big buyer of anything below 1340 SPX. Catching the low between now and Monday's close should yield a heckuva profit, and I'm looking for 1750 SPX by year end. Regards, BRH