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

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To: Daflye who wrote (18666)	3/16/1999 12:27:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Daflye, The SPX market would have to break cleanly for 2-3+ points to create another fork set-up. This new fork would have to be followed by some substantive drop to come into play...usually breaking the lower tine of the last fork in play. If this were to happen right now.... High here at 1308 Low at morning 1302 M-tine off morning High...would be the next Small Interday Fork Pointing down.... Time proj at 12:30 If this new fork were to form...you need to step back to 15min or 30min Chart to find the dominant downwards fork.... Probably off 3/12H - 3/8H or even 2/24 H I would like to see 1315-1320spx before any market turn of substance.... Chip Note: Big Pause here at 12:00.....12:30 t-p will turn the market UP

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