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

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To: SE who wrote (33290)	9/9/1999 2:17:00 PM
From: Chip McVickar	of 44573

Market has been very carefully following the upper tine of a down fork off the August 25th high SPX 30 min chart.... It's been going on for 3 days and cannot seem to break away.... This suggests a sell off to the next lower support? 1336-1340 is Major support Break 1330 and 1310 is possible.....quickly No leaders can be found.... Now another Upper tine is in place and the fork is off the Peak in July SPX Daily -- big spread that follows -- it's also containing the market and suggests downwards trend... These both have have not been broken....1330 is a key pivot.... Chip Edit: internals were split between Nas and INDU...they are both just now negitive for the day BTW GZ's wiggle is still in place on the weekly SPX

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