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

To: Tom Trader who wrote (14686)2/4/1999 9:41:00 AM
From: Arik T.G.  Respond to of 44573
 
Tom,

1. GE- in addition to the usual bellweather role it has a clear wave pattern that points to the next down move as the real one, unless the stock make a significant ($2+) new intraday high.

2. Wave structure turning positive - IMO not before we pass SPX 1305, although overtaking 1290 in the next few days would make me frown.

We could see 1240s first and then 1290s, but that's scenario C wuth low probability.

ATG

ATG


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