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

To: Jorj X Mckie who wrote (23830)	1/29/2003 8:54:22 PM
From: paulj	Read Replies (1) \| Respond to of 57110

Not to belabor the point, but I'm trying to understand which pattern you're looking at - and trying to figure out why that particular pattern. I show 2 positive outside days (SPX) in April 02 that were preceded by a positive day, 4/5 and 4/15. Both were followed by a few days cumulative up move. Neither were trend changing, but they were followed by minor up moves. Both were at low stoch levels. No one expects a good GDP number, nor do I think it will happen. If seeing the reality is as big a shock as it has been in the past, you may get your drop tomorrow, at which point I'll be looking for a short entry point. Won't be the first time I've been caught flat. But then, that is only lost opportunity - a lot easier to make up than a loss. Of course, all this academic if there is no follow through - at least with a flat day - tomorrow.