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Jim,
The work that I do looks at the immediate past to get a bead on
tomorrow.
Out of 10 days the most extreme example of what you are talking about
happened on
10-12-89, On a closing basis the market dropped more than 8 percent.
There is a 40% chance of a higher close.
Don Thompson
> Jim White wrote:
>
> If you now have profits in long positions or anticipate a long
> position tomorrow - beware. There may be no place to hide tomorrow.
> The short term market geometry signal I run on all the stocks I
> monitor shows 47 sell signals and only two buy signals for tomorrow.
> 18 DOW stocks show sell signals. Friday or Tuesday may be a better
> time to enter long.
> Jim White
> Pivot Research & Trading Co.
> pivottrader.com
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