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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Dnorman who wrote (46123)2/29/2000 1:17:00 AM
From: Lee Lichterman III  Respond to of 94695
 
An inside day does just that, it trades inside the confines of the previous day thus the highs are lower than the other day's highs and the lows are higher than the other day's lows. It is usually a pause before a continuation of the previous trend which in this case would be down for the DOW, SPX OEX etc.

Good Luck,

Lee



To: Dnorman who wrote (46123)2/29/2000 6:59:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Hi Dennis,

I think that Lee has already just described an inside day for you, but I disagree with Lee about the significance of one... I've generally observed that an inside day suggests hesitation in the market and marks a possible turning point... an inside day here in the DOW would mean a turning up towards higher prices.....

GZ


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