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

To: Chip McVickar who wrote (9215)	12/1/1998 4:24:00 PM
From: Patrick Slevin	Respond to of 44573

I'm only just getting comfortable with looking at weekly patterns. The grand supercycle is for the sun gods or Masters of the Universe as far as I'm concerned. Even so, I can't pick numerical points until the day of the trade. I just have the market moving up (as it did today) and turning, slowly declining and breaking loose on Friday, perhaps as early as late Thursday. I do think the angle of ascent this afternoon both around 1 Eastern and in the last hour was too steep to continue far into Wednesday so this 92 level Dave has is a touch too far for me. Ditto on the decline....for Friday anyway. I don't think it's going to put my kids through college but it has the potential to be like Monday I'm thinking. Bob mentioned his Neural Nets and it reminded me that 60% of mine are short or are getting short as of today's close. Must have been a personality transference into the programming of the system. I read cycle stuff myself once in a while. A cycle theory got me short the Thursday before the October '97 decline. Unfortunately it's not a regular paycheck so cycles take a back burner position as a rule but when presented as imminent I always pay attention. It's just the supercycle/E-Wave technique isn't the same type of cycle theory. The stuff I look at is based on "x number of days from such and such an event et cetera et cetera there is a recurring" blah blah blah. When they hit it's a beautiful thing.