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

To: GROUND ZERO™ who wrote (38187)	10/22/1999 8:24:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

GZ, Technically, the 21st was an inside day on the SPX...high 1289.43 the 20th was 1289.44. But you have suggested this is weak signal when this tight. Furthermore we are above a 50% retracement from Oct high. Above a weak median line off 5 Oct. Perched at major support around 1280-85. Hanging Man........ Wiggle: Also I believe on the DOW, the 21st comes close to being the 2nd day for a topping wiggle. Today should open higher completing the requirements for the 2nd day and creating the beginning of the 3rd day....with a possible extension into a fourth day completion on Monday. Question: Does the 2nd day need to be perfect in order to set up the pattern or can the 2nd day also get extended like the others? In any event this appears to show enough signals to sell any position longs...at least in part and on any early strength. Lets see if I can do this within 1% of the top for this cycle? Chip