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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (1272)6/16/1998 10:11:00 AM
From: Patrick Slevin  Respond to of 44573
 
Yes, it's 55 trading days without a new high....which is today.

As I recall the logic as McMillan postulated it, it basically comes down to people getting bored that there has not been any action believe it ot not.

I think declines preceded by cycles of 55 included '29 and '87, but I don't recall exactly.