Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: nicewatch who wrote (14640)	2/3/1999 3:54:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Thank You Frank, I agree...since this is a 2day fork and interday fork the reversal is not major....either way if it goes up.....which is possible. We could still get a fake down and continue the trend.... This seems to be the annoying part of these "Things" But I believe you must go with the rules...which say reversal of trend. At 3:34 at 1270 it is now beginning to fade away from 1275 and the Bigger Middle tine. The lower tine of the small fork is at about 1271 I would expect a retracement to 1255 maybe 1248 at the most. If it goes up...1276spx is an upper tine off 1/4...the fork that has carried this market for many weeks in it's tines. BTW when this fork is broken it should represent a significant break of trend and the solid formation of a new fork and trend. So neat when these "Things" work out Now if I can get these shorts to work...may not get the round trip today. I carried 2 long positions[paper] from the set-up and sold here at the top. Nice to know its working and someone was trading it also. Congratulations Chip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next