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

To: GROUND ZERO™ who wrote (13519)	1/23/1999 8:35:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 44573

And the bounce should probably be shorted.

To: GROUND ZERO™ who wrote (13519)	1/23/1999 8:39:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 44573

My a/d indicator went positive slightly Thurs. only to fall back on Friday. Also, my 10-day Trin indicator is at 10.58. That's the highest level since Dec. 11. This usually indicates an intermediate term bottom for at least 7 to 10 days is not very far off. A peak in this oftne precedes a bottom in the market by a day. This suggests that a bottom has a good probability of hitting Monday (+/- 1 day) and this bottom should produce a hold for at least 7 trading days and likely several weeks.