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

To: HairBall who wrote (34781)	10/1/1999 9:30:00 AM
From: Chip McVickar	Read Replies (3) \| Respond to of 44573

Interesting work LG, Thanks Here's something else form the pattern folks: This week is certainly trying the patience of many a trader with the seemingly constant battle and no leadership between those who would take the market back up and those who would take it down. There are specific items that catch our attention over and over again. Once such item is that since Jan 1, 1991 there has not been six negative weekly closes on the Dow in a row. There have only been five negative weekly closes, and that has happened very few times. Now we are in the throws of trying to make week number six. This is impressive. But our major indicators just do not allow for a bullish sentiment at all. What is normal is that we bounce a week and close positive and then resume the downward cycle. So all our reports are essentially biased toward the run up needed. However, we simply are not getting that real bounce. At least so far we have not had it. patterntrading.com