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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (25000)	8/23/1998 3:06:00 PM
From: donald sew	Respond to of 94695

David, Wasn't 8610 Favors stop-loss point. It could break 8610, but just dont think it will be alot more. If 8610 is taken out to the upside, I think that 8700-8750 will hold. Still have 8850 as the maximum top, although it is unlikely it will get that high. I wished I had more data to compare to arrive a better statistical conclusion. 2 out 2, although is 100%, is far from the norm of 30 times a pattern is repeated to be considered statistically sound. You may be right that Jerry may get whipsawed with that 8610 stop-loss point, assuming that is his exact termination of trade point for him. Again, if it does break 8610, just dont think it will break it by much. Seeya