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

To: SE who wrote (16033)	2/18/1999 9:39:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

FWIW...AIQ and off the shelf AI/NN market program has a buy on the NYSE/SPX tonight. It is not confirmed yet...but after looking at a bunch of charts this eve....I'm not so bearish as I was a few hours ago. Lots of "hammer" candle stick patters on many indexes are also showing a possible bullish reversal signs. GZ...you might just be ahead of the pack...AGAIN!!!

To: SE who wrote (16033)	2/19/1999 6:17:00 AM
From: Patrick Slevin	Respond to of 44573

That 55 day Cycle is something that Camp and Larry McMillan look at. It's based on a belief, if I recall correctly, that people get bored easily. Like I was saying before....the volume seems lower and the market is roughly where it was 5 weeks ago. Since starting to observe it it does seem to work rather often but it also fails now and then...also it occasionally hits early. I recall on July 21 1997 Hank used a similar cycle to nail October 27, 1997 as "THE" Crash day....co-incidentally one day after October puts expired worthless. The real concern is the failure of the market to achieve new highs. It's quite likely the market will hit such numbers prior to his (Vitas) cycle date. I'm starting to visualize where Ground Z senses a change in trend to the upside. I still think there with be a fake-out the other way however. With volume lower it should be much easier for the market to be pushed back and forth to shake off the weak hands.