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

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To: Jerry Olson who wrote (11892)	1/6/1999 12:47:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Jerry iqc.com The upper tine of this OEX chart is about 632-634 for the day Middle tine at about 616-18 Now when markets get to these tines they act as magnets... either repel - absorb and move sideways - bounce through.... I cannot tell you exactly what will happen...but that's your range according to the forks 616 low -- 634 high From what I've noticed [I'm not yet an expert] there has to be some strength to break a tine or the market is attracked back to the tine it just broke through and wanders along iqc.com This chart shows the market broke a the middle tine [very deliberatly] of a more recent fork off the last move up from 1/4...this upper tine is at the same upper area as the larger fork 632-64. Hope this helps Print them out and draw them Chip PLEASE use other information to actually trade Remember I'm just practicing BWDIK

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