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

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To: doug-e-mini who wrote (14840)	2/5/1999 11:42:00 AM
From: Chip McVickar	Read Replies (1) of 44573

Yes Doug that's right... It's seems harder to pass back up, especially after having been away for sometime They seem to reverse from support to resistance.... The tines are like magnets they attract and repel. They can hang around and go either way They can bounce sharply away They can bounce sharply and copme back. It takes some time to see them work and what they do, then you just react to what you see. But basically they protect aganst losses when a move goes against your expectations. You also have to have a good feel for the reasons why any market is moving and why...interest rates, special news, etc There are some rules about penetration, etc...but you should ask GZ for the correct definition. If I can find a link of his about this I will pass it along. Print this chart and draw the M-tine off 1/4 -- bisect the spread from 1/4 Low to the next High before 1/11 iqc.com . This is the dominant fork since that period and a classic. It's lower tine is about 1214 Where's the middle one?

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