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

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To: Doo who wrote (9941)	12/10/1998 10:59:00 AM
From: SE	Read Replies (2) of 44573

I have a fork on the 30 minute SPX chart that appears to be active. It is drawn using the high on 12/8 and the low on 12/8 with the middle tine off of the 12/7 open (1182). It has been bouncing off of the lower tine and the middle tine has been repelling it back to the lower tine. We just bounced off of the lower tine at 1174 and the middle tine is currently at 1185 or so. Not sure exactly what to make of it, but if we break mid 70's and especially if we break 70 it is time to be short. 85 might be a good time to take a stab at a short, if we get back there. Time frame for action appears to be 11 cst. -Scott

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