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

To: Lee Lichterman III who wrote (24852)	9/3/1999 5:05:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Just got done playing around with some different hypothetical numbers that fit different chart patterns with moves like this. The one that looked most likely and triggered my sell signal was as follows. Tuesday continuation up. Wednesday up to 723 or more but IT MUST CLOSE AT LEAST AT 723. This would give a sell signal on my system and the pattern looks pretty plausable. Tuesday is a non day as far as importance as long as it is not higher than the Wednesday close and Wednesday closes above 723. It is too hard to explain but my system uses waves, time and price so if Tuesday were to spike up too hard, it would make Wednesday's signal more difficult unless Wednesday was also a strong up day. Hope I made that as clear. ( I know, clear as mud <ggg> ) Wish I could have watched those calls and held. Closed at 4 7/8 by 5. Ouch! What's a few hundred here or there? <g> Good Luck, Lee