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It's probably unrealistic to expect any indicator to work 100% of the
time. The 9:1 on 30May00 occurred very early in a powerful rally (nearly
40%) which any trader would have been pleased to capture. If nothing
else, we have been alerted to watch for further confirmation.
Earl
----- Original Message -----
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, November 24, 2000 5:49 PM
Subject: Re: [RT] Market - OEX
> Obviously, I have been lax in doing my homework and was not aware of
does
> over 9 to 1 days that occurred may/ june of this year . If that is the
case
> we should not have had the decline we have had, rather since the two
> occurred within the time frame you mentioned I would conclude that
that
> since the indicator failed it does not work in todays markets.In the
study
> period it never failed on a 3,6,and 12 month time frame except for one
3
> month peroid.
> Thanks for your input and keep up the good work.
> Dom
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