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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (724)4/3/2000 2:14:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
Okay,

On the Nas 7 day sell wiggle:
Day 1 is the spike
2,3,4,5, are essentially a 4 day "Trend Continuation" pattern
6th day completes the 2nd day of a wiggle (kind-off)
7th day will complete day 2 and 3 of the wiggle with a close below 4355.69 Thurs low.

"Good Grief"....These five and seven day patterns are something else. They seem to have endless variations all based on a spike and the basic 3 day wiggle.

Thank You for pointing out another variation.

Chip