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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 (38201)	10/22/1999 8:32:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Chip, The cash had an inside day but the futures did not... that is a bullish divergence... also, that was not a hanging man... that pattern occurs at the top of a run and not like yesterday where it looked like an inside day for the cash... actually, we may have completed a four day buy wiggle and this could run for another day or more..... I don't give the 50% retracement thing much credence, we're in the middle of a run and the first real resistance is up around 1320ish, maybe as far as 1332 or so..... of course, I could be all wrong.....<g> I only regret that I have but one.... oooops, wrong speech... I only regret that I put a damn stop in yesterday... this looks good for another day at least..... GZ