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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (5166)4/5/2001 7:09:58 PM
From: Ryan Mak  Read Replies (1) | Respond to of 52237
 
Don ... I think April 8th is a full moon date.



To: donald sew who wrote (5166)4/5/2001 8:23:42 PM
From: Trading Machine  Respond to of 52237
 
Don, I think you are wise to wait, I had business appointments tomorrow and I was unwilling to gamble so I took the money off the table. Never-the-less I am at a down trend line and in a bear market I exit at substantial resistance and re-enter it if it goes across. so I would not be surprised to get home tomorrow and find a "bannna bonkers day!" (maybe) gggg

The following is a quote from the H L Camp study on "howling and other musings ggg", which is really"Puts and Full Moons"!

"The average cumulative drop in the week (5 trading days) after a full moon is 168.80 points. That's 19 points on the OEX and not bad for a weeks work. The best day to be short is the THIRD day after the full moon trading day, which averages dropping 72.50 points. The second best day to be short is the FIRST day after the full moon trading day, which averages dropping 35.60 points." programtrading.com

The main reason I bring all this up is the broken diamond on the DOW. I am not a DOW watcher, but the indexes are highly influenced by each other, and the DOW owes me an 8500 (actually 8448) in the not too distant future. Bulkowski says that the average time from the broken diamond to the target price is seven weeks. I thought at first that we would make it in the first week! gggg

This will be fun to watch and see how it unfolds. Thanks for the readings and interest. Good luck to all (a Chinese philosopher once said that he would rather be lucky than smart! ggggg

Paul K.