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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (875)	7/24/2001 1:29:06 PM
From: Les H	Read Replies (1) \| Respond to of 1328

change in EW counts traders-talk.com

To: Les H who wrote (875)	7/24/2001 1:40:08 PM
From: Louis V. Lambrecht	Respond to of 1328

Les - yeah: tools used in bull and bear markets must be different. And even flipping the charts upside down (remember Alias inverted COMPX quiz? <g>) has some caveats. schaeffersresearch.com Jerry Wang has an interesting point of view on "price compression". For the cycle subdivision, I like HighReturn'n approach of: Bottom - to - top Topr - to - bottom. And in previous posts on the late MarketWizards dot com he noticed that cycle trading only was rewardable for a 2 month short trend. (Markets trend 30% of the time and do nothing for the reminder 70 <g>) Will check your timings and use that thirds approach (as in Kichin walls <g>). Seems that the magic number would be 9, not 12. Still as in bull markets, the strongest move is the bottom to top rally, I suspect that in bearish markets, the strong move early in the cycle should be the South one. TTYL