Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (230)	12/23/1997 4:23:00 PM
From: Chip McVickar	Read Replies (1) of 745

Hi GZ Thanks You So you can work that tight to the unfolding patterns...hmmmmmm Very interesting Following your Nov L and Dec H plots for the DJIA and bisected off the early Nov high... It shows that market bounced-off and near upper paralel and then bounced-off the center fork....moved up and then returned to break-thru the center line.... then turned again and broke above the center line. . I quess today's close has it breaking back through that center line going down. Questions: >How many times does the market need to break-thru that center fork to nolonger be useful...3 times..? >Does it need to break-thru the lower or upper parallel to be considered a broken formation..? >AT what point do you discard a fork and move on to the next wave...? >Finally would you buy or sell from the break-thru of the center line after a 3rd time or wait for it to clear the parallel lines before acting..? Chip

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