Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (382)	1/7/1998 1:23:00 AM
From: Chip McVickar	Read Replies (2) of 745

GZ Well.....the market price dropped through the upper tine of the small fork and also through the lower tine of the Dec High/Low fork... To Bad....it was following that tine so beautifully. Let me take a shot..... The lower tine of the major fork is very important. The price should test and bounce off that lower tine to maintain the intergrity of this time cycle that ends on the 14th. I say the DJIA is still intact and going higher and we will be at 8000 by the end of the week..... A clean stronge break of the lower tine (major fork) will be a sell signal.... and a revisit of the Dec lows. Interesting fact...the Dow price has passed through or approached the 8000 mark 12 times in the last 6 months and with no more than 2.8% rise above 8000. This is one stronge top or a base for 9000. Chip

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