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it was one of the most powerful days ever, huge positive volume and breadth,
etc! Amazingly misleading second day off a low, as far as follow-through
buying action. Unfortunately I don't know about the McClellan oscillator at
the time.
Don't get me wrong, I like today's rally as much as the next guy!! But I
think we can attribute it to the key reversals on Wednesday. That sort of
thing usually marks the lows.
regards,
Phil
http://www.patterntrader.com
free trial upon request
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, January 07, 2000 12:00 PM
Subject: [RT] Re: position trading for futures/sp500
> In a message dated 1/7/00 2:04:02 PM Eastern Standard Time,
> patterntrader@xxxxxxxxxx writes:
>
> << false 2nd day follow -thru example: 8/20/97
> had a better one around here somewhere (I experienced it personally). It
was
> a couple years ago. >>
> was Mccluullen osc above 50 on second day?
> and ad line this strong?
>
>
>
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