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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (10384)12/15/1998 4:57:00 PM
From: Chip McVickar   of 44573
 
GZ,

Another fork formed on the SPX 60 min chart....off the 11/30 low
and using the morning spread around 12/14, puts the middle tine
at 1152 and the upper tine at 1168
I expect the market to be contained in here and sideways for part
of the morning.
iqc.com
.
Also, your morning fork off the 11/30 high puts it's upper tine at
around 1167-66
~~~~~~~
The 5 min day chart had a fork form in early morning off lows at 1143
and using the spread that ended at 10:30.....
The market pretty much followed that fork all day with a bounce off the
lower tine at 2:00pm and the upper tine was penetrated at about 3:15
iqc.com
.
I think that's a pretty good read.....
Chip

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