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Re: mlsoft post# 127470

Tuesday, 07/08/2003 10:48:26 AM

Tuesday, July 08, 2003 10:48:26 AM

Post# of 704041
I expect a red day. Average red day after a 4%+ up day is over 2%. We've had 5 green days following a 4% up day in a row and the odds of a 6th are very slim. This is over the past 13 years, so it's a solid trend in good markets and bad.

I wish I had intraday data, but I bet this morning's action isn't too far from the norm. Late longs try to push it up and are met with distribution from 'da boyz'. Check out the TRIN. Late day sell off as 'da boyz' book profits.


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