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

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To: Gary E who wrote (39888)	11/5/1999 11:55:00 AM
From: GROUND ZERO™	Read Replies (1) of 44573

>>Speaking of the fib spirals,,looking at the 5 min ES99z chart from 9:50 to 11:30 ,,,now the question is where from here....<< Okay... actually from 9:50 to about 10:30... those two points can be measured... it actually broke down out of the spiral at about 11:30... but, I still would not short it since the subsequent trading cycle is very narrow and forming another bullish pattern..... therefore, at this point I'd rather buy if/when it breaks the downward spiral..... which it looks like it's just about to do... also, my personal preference is a 3 minute bar chart..... GZ

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