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

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To: SE who wrote (13252)	1/20/1999 4:36:00 PM
From: Chip McVickar	of 44573

Good Point Well....4 day forks seem pretty stronge for day trading. Todays was off 1/13 and the spread through the 1/14 This market reached for that m-tine all day and finally gave up, breaking the L-tine at about 1260 at 3:30. There is another 4 day fork off 1/13 high - spread through 1/15, This middle tine is looking for 1209 Also off 1/19 high there is a m-tine at 1257 Now... To make this more complicated...the turn today at 1274 will have created a new spread for a high further back. I need to look for this one: YUP new fork off 1/8 highs Big spread from 1/14 low - 1/20 high Middle tine looking right at 1225 iqc.com . That's the new weekly target Also while I'm on this chart look at the M-tine off 1/13 spread through 1/14 See how it carried the markets on the middle tine....failed to break through the entire time....where's the lower tine? Chip Look at all the 1 day reversals I count 4

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