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

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To: Chip McVickar who wrote (39518)10/28/1999 5:30:00 PM
From: Gary E  Read Replies (1) of 44573
 
Chip,

Looking at the 5 min bars on the SPX

From the low at 1286 on 10/25 at 12:50 ET
Bisecting the High at 1302 on 10/26 at 10:10
and the low at 1281 on 10/27 at 09:35

This fork looks like the lower tine held the SPX in a fairly tight range untill the breakout at 14:50 then ZOom right on up.....

Now IF this is the end of this run....
Where do we go from here..
Switching to the 30 min bars
Could the fork from the Low at 1267 on 10/21 at 14:30
Bisect the High of 1308 on 10/22 at 15:00
and the Low of 1282 on 10/27 at 15:00
Looks like this fork could have a due time /date of the Close of today...

How my doin so far ?

Hal
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