Hi Bill,
How about a bone chilling:
- April 13, 1999
- April 19, 1999
- June 17, 1999???
I drew it on the SPY but I think it would fit on just about any index???
I suppose you're talking about a fork... huh? <g> That's fine, except what's with the 6/17/99 pivot... it's not a high or low of any sort.... why would that be an anchor point? For a while, I was following the 4/13, 4/19, 6/17 down fork, which played out rather nicely.
As for a new down fork, if one were to assume that today was a pivot high, a few new potential down forks could be drawn... using the high of either 4/27, or 5/13.... the low of either 5/27, or 6/2.... and the high of today. Either of these forks would assume that the high made today will not be broken in the next day or two.
With the above said, I am still looking for the recent up-fork to hold (which is at about 1303 tomorrow increasing 2 points per day basis SPX)... BWDIK. TTYL, take care
Regards,
Frank |
