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To: Lee who wrote (46723)6/23/1998 8:04:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 58727
 
Hi Lee .. citibank seems to have done OK today.

I think that it may have something to do with this stuff:

Message 4814462

Gersh



To: Lee who wrote (46723)6/24/1998 1:15:00 PM
From: Patrick Slevin  Respond to of 58727
 
Notice the huge move in the Banks over the past hour or so accompanied by the upward bias in the Utils.

The result was about 12 points on the spoo.

Co-incidentally, Scott pointed out to me that the triple Thing-a-Ma-Jig kicked in just before the move.

What little backtesting I have done shows the triple TaMJ as an indicator of potentially violent moves. This 12 point run was the biggest of the prior 6 cases I have found.....the largest of the other 6 was 9.5 points and the least was 4 points. Only one of the other 6 was negative, resulting in -5 points.

Have to rush through TSO today.....see you later