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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (9628)12/6/1998 7:42:00 PM
From: nicewatch  Read Replies (1) of 44573
 
GZ, Interesting. I have never drawn an upsloping fork using a high, low, low sequence, although I see the fork to which you are referring. With my software I cannot automatically draw the fork you mention (and I'm too busy right now to manually draw the lines); however, I did add a longer term fork which is somewhat close... FWIW. geocities.com The new bottom chart shows the SPX with a longer term fork using the pivots of 10/28/98, the all time high on 7/20/98, and the most recent low of 10/8/98. This fork is not quite as steep as yours, but close enough for now to give the general idea. I remember Scott (I think?) mentioning this SPX fork a few weeks back. Talk to you later Regards, Frank
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