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

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To: Jerry Olson who wrote (10006)	12/10/1998 9:34:00 PM
From: nicewatch	Read Replies (1) of 44573

OJ, I dunno. 1150 would be a retest of the most recent lows. My gut feeling, for now, is that we go lower than that... BWDIK. My reasoning is based in part on the sideways fork using the sep high, oct low, nov high. That upper tine has held prices very well since the top, and if it holds... a test of the middle tine (about 1048 tomorrow basis SPX) is in the cards, imo. Before getting down there though, other forks will come into play. The sep low, sep high, oct low fork has its middle tine at about 1126 tomorrow, and the longest term fork from the SPX chart has its middle tine at about 1128-1129 tomorrow. If the market tanks fast... I would expect to see strong support in that area (1126-1129). Just a guess... FWIW. I'm starving... I need to get some dinner. Talk to you later Regards, Frank

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