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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (14124)8/8/2002 2:16:15 PM
From: SusieQ1065  Read Replies (1) | Respond to of 17639
 
oh, not sure...this is all i found..

To:ftian who wrote (38763)
From: dennis michael patterson Thursday, Aug 8, 2002 6:28 AM
View Replies (2) | Respond to of 38787

Hahn-
Let's work with the intraday volatility of the $INDU 60 minute chart. Two intraday waves
(very clear on the 15 minute chart) created minor fibonacci time targets due Thursday,
8/08/02. The first wave projects to 1:15 and the second wave projects to 2:30. This is in
addition to a previous time wave due at at 1:30. The rule is that, at a fib time target, expect a
reversal of the current move. I'd be concerned if the market is high into that time cluster. If
it's low, look for higher high's on Friday.