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Strategies & Market Trends : John Pitera's Market Laboratory
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To: GROUND ZERO™ who wrote (366)3/9/2000 9:16:00 AM
From: Chip McVickar  Read Replies (2) of 33421
 
GZ,

>>I think I would consider that fork to be almost too old to use any longer<<

Okay, but it's a fascinating look at the forks ability to describe trading ranges. And as you say, the last break of the lower tine and the failure to move off the median higher is critical. Could still see 1435....in 4-5 days.

It's like a bullish descending rectangle that may surprise and resolve higher if the median line and then the upper tine are broken with strength..?

Chip
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