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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (62343)	12/30/2002 10:44:35 AM
From: JRI	Respond to of 209892

Anyone looking at a bounce around 1320-1330 COMP?

To: JRI who wrote (62343)	12/30/2002 12:16:24 PM
From: The Freep	Respond to of 209892

JRI -- I don't have an 11 week view. Heck, I can't even look past next week's football playoffs ;-) Seriously, as I use the 11 week cycle, today's new lows either mean we will not exceed the highs of last week for 3 weeks OR the cycle will fail OR I will give it fudge value of a few days to make up for the Thanksgiving/Xmas market closures and the two half days (three if tomorrow is one) and say that we could hit our low THIS week. But that's a fudge. Again, the cycle does NOT give you a view 11 weeks out. It simply says that after the 11th weekly stick, the trend changes for a spell. That's all. Not a panacea. Next cycle hits in mid march, interestingly enough, when tons of cyclers and fib-ers and gann folks etc. have turns. the freep