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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 (24354)	5/27/1999 12:17:00 PM
From: Jimsy	Read Replies (2) \| Respond to of 44573

Chip - its about 90% or so for good solid tops and bottom, and works to a lessor degree on minor tops and bottoms. It seems tha when there is a global top or bottom, all the analysts and traders in the know keep at it until they all chicken out. This translates into the scaled indexes all going through the same point when scaled into the 1 minute chart. Don't know if other software Internet stuff will let one do this, but it works very nicely in Tradestation. It picked out the bottom today at 10:53 or so bang on, now am looking for another bottom in this noonhour selloff, which might be lower as the news that most of Europe filters through the marky analysts. Lets see what happens.