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

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To: Chip McVickar who wrote (39055)	10/26/1999 10:20:00 PM
From: Gary E	Read Replies (2) of 44573

Hi Chip, Yes we are looking at the same upward sloping fork, but I have the mid tine only looking at 1308 ish SPX .. To draw it precisely start at the spike low on 9/28 of 1256 and connect to the close of 10/22 which is 1301....that points to 1308 ... JUst occured to me that scale and slope of the chart can change where these extended lines hit the edge of the page... The other one you describe is comming from the high on 8/26 of aprox 1381 and bisecting the 9/28 low of 1256 and the 10/11 high of 1339 ....this line is passing just under the 10/20 open of 1261..... Your saying they cross at 1305,,,yeah close nuff..and THE MARKET TURNED DOWN at 1301 on 10/25 .....BINGO Is this how you call the turns ??? Common fess up now ..<G>

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