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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (27555)	12/20/1999 8:16:00 PM
From: AlienTech	Respond to of 43080

OoOoOoO GANN ME! "A very important buy signal for the market was given on Friday. The Gann quarterly chart gave a buy signal when it exceeded last quarters theoretical high in the Dow. Since 1982, when that has happened, the market reached a short term high in 0-3 days (0, meaning the day the signal was given). After that correction, the market usually makes a big move to the upside. Since 1982, the worst rally from the buy signal was 21% which would take us to around 12,000."