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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Chip McVickar who wrote (364)3/9/2000 8:48:00 AM
From: GROUND ZERO™  Read Replies (1) of 33421
 
Good Morning Chip,

I think I would consider that fork to be almost too old to use any longer... it's a failing chart pattern and the markets clearly have been moving lower on that fork... the most recent rally approached the median of the current up fork and the market has now come to test the lower median..... I think a very cautious long position here is the fare of the day, we could just as easily break another support level.....

GZ
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