INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: Berney who wrote (10090)	7/29/2001 10:56:59 AM
From: Gersh Avery	Read Replies (1) of 11051

With the black fork drawn as I first had it before Bill Hueb suggestion .. homestead.com This shows the upper black tine at ~635 OEX for Monday. Problem with this black fork is that it has never been tested. There was a downtrend line that was in effect that has been violated to the upside. It was tough to find the correct starting point for the center tine that would properly locate the downtrend line. It will be interesting to see what takes place around this upper tine line. Another clue, for me, will be to see if the 16 day SMA will cross over the 36 day again. The 16 is currently northbound while the 36 is south .. There is a potential for the cross over to take place before the test of the upper black tine. This would lend strength for the failure of this black tine .. touch and go here ..

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