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

To: Patrick Slevin who wrote (3825)	9/10/1998 1:21:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

Patrick, >>>>> I recall a few weeks ago where someone mentioned the excessive negative TICK indicated a relief rally. I noted where Cook felt the same way. I was persuaded to think along those lines when by co-incidence Hank Camp called and I asked him. Without getting into it too much, he basically said to start looking for a -1600 TICK on Monday and worse Tuesday. Sure enough. It did get much worse, hitting almost 1600 Monday and cresting 1700 on Tuesday of the following week. <<<<<<<<<<<<< Good point. By the way, my short-term technicals only have a reading of 35-40 (quick approximate calculation), which is means that even with the DOW down 300 my technicals are only in the middle and still has alot more room to the downside. Seeya