Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who wrote (55)	11/26/2002 4:59:25 PM
From: the-phoenix	Read Replies (1) of 941

Forecast vs Actual: Revisiting the SPX Scenario that I posted here ten days ago, that was looking ahead to the November 25 timeframe. Here was the chart that I posted then: share.esignal.com Here is how it actually played out: share.esignal.com While a Bearish Butterfly did complete roughly at the prices and in the timeframe that I had anticipated, the CD leg turned out to be less powerful than I thought it might. It seems that the Andrews Pitchfork that was part of the key to this pattern gave more resistance at the mid-tine than I had expected. At this point, SPX is retesting that lower tine of the fork and has nearly reached the .618 retracement of the CD leg, as well as filling the gap from last Thursday. Bounce time? Phoenix

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