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limtex

01/05/05 11:42 AM

#341453 RE: extelecom #341434

ext - "lull" starts at 12.30pm. In bear markets the "lull" is characterized by intermittent small "waterfalls" (the kind you get in garden ponds as opposed to the Niagara kind), the afternoons in bears, like yesterday and Mobday start with a 2 o'clock knock with a larger waterfall with continuing medium waterfalls interspaced with small rallies casued presumably by shorts closing.

Then we come to the 3 o'oclock watershed. Often a period of relative quiet till 3.30 when small rallies can start in bear markets as shorts close. Then the final fifteen minutes which in bear markets are characterized by a medium waterfall into the close.

This it seems ot me is the pattern in bear markets. Now that is of course a <gg> but I wonder if the trading software doesn't have some pattern in it that is broadly similar.