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 (499)	1/14/1998 10:08:00 AM
From: Chip McVickar	Read Replies (1) of 745

Hello GZ We've watched the DJIA bounce back and through the recent small pitchfork and this morning it seems to be poised to go higher...or flat. You took a position on the 8th....as the weekly reversal established itself. The market is now being drawn up towards center fork of an earlier Bisect Jan High and Jan Low....handle off Dec Low. As a trader off these center forks...are you continuing to hold that earlier position -- even as the market approchs purchase date or did you get out for repositioning ? Do you hold onto an earlier conviction, based on the weekly reversal... (for the strength of the indicator) throughout an upside twitch or do control the potential for losses? Trying to understand the signals given as each center line is aproached. Thanks CHIP

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