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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: doug-e-mini who wrote (15130)2/9/1999 4:50:00 PM
From: Chip McVickar  Read Replies (1) of 44573
 
Doug,
That's a good question.

I would expect 1200± to hold initially (middle tine of GZ's Sept/Oct fork)

If you look at the 1/4 fork...the market has already touched the
Lower tine (running from 1220 to 1215) TWICE coming down from the
Upper tine and 3 times in all.

From what I know....I would expect that when the market hits this L-tine,
it will break it hard to the down side....Just like today.

Below this is 1200 and the M-tine of Sept/Oct fork....
Although the market might break through initially, I would expect
it to hold and produce a short lived rally....?

Now this forks Lower tine is at 1115±....that would be the next mark.

Why don't you ask Ground Zero this question, there maybe a technical
explanation I do not yet know on what to expect when markets return
to Lower Tines in this manner....It's a good question.
Chip
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