SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Why the markets will continue higher...
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (632)2/6/1998 4:53:00 PM
From: Chip McVickar  Read Replies (4) of 745
 
GZ, Wonderful...Greatly Appreciated

If my plotting is accurate there is an unusual convergance of pitchforks
taking place and will be completed early next week.
1) Far out fork: Oct high/low bisected by April low -- middle tine is
close to 8200 as of today.
2) Midterm fork: Jan high/low bisected by Dec low -- middle tine is near
8100 today.
3) Nearterm fork: Jan 20th high/23rd low bisected Jan 9th low -- middle
tine is crossing pitchfork #2 today Feb 6th at 8117.

All three of these forks are very close together.
The market bounced *cleanly* off this crossing and is sitting at 8189
just under the #1 fork at 8200.
This must be very powerful....?

4) Add to this -- time cycle of this latest small fork began Jan 9th
a 10 day cycle to Jan 23rd low takes 10 days to Feb 9th as the next
expected turn.

To this I have added a couple of Fibs Time Cycles
1) Begin Jan 9th low, puts the 21st day on Feb 10th
2) Begin Jan 20th high, puts the 13th day on Feb 6th
3) Plus we are in a new moon phase

All the peaks over the last few months have been around 8178 which is
a stronge resistance line.
I quess this tells me early next week could be important and a substantial
move upwards if nothing political alters the markets.
Very interesting....have not seen this happen before...
Think I am making to much of this convergance..?
Chip
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News