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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: plugger301 who wrote (21721)	1/16/2003 9:22:08 AM
From: quote 007	Read Replies (1) \| Respond to of 57110

very important To:Chris who started this subject From: donald sew Thursday, Jan 16, 2003 6:48 AM View Replies (1) \| Respond to of 42265 Will be opening the YAHOO chat-room "YUKON" at 9:30 am est. Just yesterday, got another CAPITULATION TOP READING(weekly for NDX) which is calling for a minimum 18% decline. The last one was early DEC which only produce a 14% decline, but this second CAPITULATION TOP reading has actually completed a double top. This DOUBLE TOP PATTERN occurred once before, which was last JAN and that specific down-swing produced a 21% decline, but more importantly it identified the top prior to last OCT's bottom where the complete decline was 54%. NO! Im not saying that it will again produce 54%, just that the chances of a min 18% decline are strong. The record for this indicator so far is 13 for 13. That is NOT STATISTICALLY VIABLE, but I believe it has strong merit. This indicator is based off of the same data that produces the CAPITULATION INDICATOR that identified the OCT bottom, which has a record of 24 for 25(also NOT STATISTICLY VIABLE, but getting close)