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To: Jack of All Trades who wrote (8503)	11/23/2005 8:55:19 PM
From: TFF	Respond to of 12411

"My comment is, look at the market over the past 5 years and tell me (tomorrow :>) ) the trading looks like the past two months?" It doesn't. I've used a sliding scale to backtest and things fall apart in the 99-02 area. The sliding scale must be altered to acommodate the range expansion during that period. Which infers that ongoing adjustment to scale must be made. That alone limits the spiral to a tool and not the holy grail. That said the spiral goes along way towards defining short term price/time support/resistance, and therefore is invaluable.