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

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To: Jerry Olson who wrote (10245)	12/14/1998 1:57:00 PM
From: nicewatch	Read Replies (1) of 44573

OJ, I just looked at the SPX. FWIW, you might want to look at the really confusing SPX fork chart. The bottom tine of the mildly upsloped fork is at 1147.50 for today (increasing almost 2pts/day)... the low so far is a couple of points below that. If that low holds, I would consider it another successful test of that fork. I don't know what kind of rally, if any, to expect, but price seems to have reacted around it. I can't give a good read on the very short term as I don't have decent intraday stuff, but I'm sure others here could give their 2 cents since that is their forte. FWIW, talk to you later Regards, Frank

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