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

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To: Patrick Slevin who wrote (10530)	12/17/1998 1:31:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Thanks again Pat.... I will print these and keep them as notes. GZ left us with a chart fork pattern SPX iqc.com . #1--M-tine off the highs of 11/30 - spread- low just before 12/8 and high just after 12/8....this pattern picked up the bounce off the m-tine. #2--This m-tine is off low before 12/8 - spread- at 12/14 high to low at 1136......the market is now at the upper tine of this fork. There is another fork further out that I have added #3--M-tine off lows before 11/16 [1115] - spread- the large one 12/8 high to the low at 1136....the market is at this middle tine now. Note: I went long[on paper] at 1140 off the #1 fork he posted awhile back, It was a classic GZ entry point...I still have it. The bounce here also came near a time profection. I think the #2 fork is very valid with the market having reached the upper tine....they all are. When to sell these forks is still a mystery... I quess if the market has reached the forks objective with the upper tine...one could sell right now.....OR later if it fails to bounce off the middle tine going down....? Chip EDIT to this you also have GZ's dominant yearly forks on Frank's charts

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