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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%4:00 PM EST
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To: GROUND ZERO™ who wrote (4704)1/26/1999 11:01:00 AM
From: Investor2  Read Replies (1) of 99985
 
RE: ".....when prices bounce off a tine and then return to it, as in the bkx chart posted, then prices typically move through that tine, therefore the bkx chart shows that prices are likely to move lower...generally with violent force."

When prices bounce off a tine and then return to it, as in the bkx chart posted, are the prices likely to move all of the way to the lower fork?

Thanks,

I2
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