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Often a strong sign of reversal which can be seen in all markets - the
professionals scare the flock into selling at fire sale prices, then turn
the market around once they've acquired all the available inventory. The
price pattern is simple - a sharp break of support followed by an immediate
rebound. One can generally trade with the reversal knowing that weak
sellers/buyers have been cleared (for the moment).
Earl
----- Original Message -----
From: Brent <brente@xxxxxxxxxxxx>
To: Linda Swope <linda@xxxxxxxxxxxxxx>; Real Traders
<realtraders@xxxxxxxxxxxx>
Sent: Thursday, October 21, 1999 4:56 PM
Subject: Re: any suggestions for whipsaw?
> Did you ever play Simon Says? I look at the markets as a big game of
> mis-direction. Interestingly (the game) has been working now for all this
> time. Today wheat went down all day only to reverse and run back to almost
> unchanged within the last 10-20 minutes. To me that says that some
party(s)
> wanted to get as many persons short as possible before reversing.
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