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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (42985)	12/29/2000 9:13:53 AM
From: Patrick Slevin	Respond to of 44573

I dunno, all the patterns I could find looked dim. Best I could find was a 50/50 shot at an up morning, the overall weight suggested a V day at best. Scary factoid is that the SP has had it's High in the closing 10 minutes 4 days in a row now. I do not know what that means, but I don't care for it. Further, we have had 5 straight positive DJIA Closes, a somewhat rare event. It has closed positive 6 times in a row only 26 times in the past 10 years, and we aren't exactly talking Bull Market here. If you consider the percentage move in the SP over the past week, however, the odds favor a continuation at least in the morning. So for me it's a toss-up. I guess I would favor the Long side on pullbacks with Stops in the low/mid 40s if I had to hazard a guess at the moment.