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To: JRI who wrote (39296)12/26/2000 1:31:35 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
JRI,

What would negate the 3-DAY PATTERN would be for today to close down 100+ points.

Yes I am still long. In the website fund account we did take profits on FRIDAY on 1/3 of our long position(no short hadge) and 85% cash. For my personal account Im a bit more aggressive and I did not take any profits and 75% cash.

If the 3-DAY PATTERN works, it would be 100+ points from todays close. One warning, I dont have statistics on how the 3-DAY pattern works during tax selling week, and also keep in mind that Im working with some nice profits(up about 47% for the year/ website account up about 33%) so I may be more daring now - willing to take more chances.