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

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To: Chip McVickar who wrote (19904)	3/31/1999 10:47:00 PM
From: SE	Read Replies (1) of 44573

A trip down to 1262 SPOO sure would clean up a lot of gaps. I got an SPX fork at 1253, which if there is a spike in the SPOO could easily equal 1262. Bottoms up........get skinny me thinks. There is one fork I drew tonight that would forcast a bounce from this level. That fork used Frank's 50% offset and was drawn using the pivots: High - 3/31 Low - 3/24 Middle Tine from high on 3/19 with 50% offset. That fork's middle tine is dead nuts on closing price. I don't think it will hold though. The fork that I like very much and that I believe is dictating action is as follows: High - 3/19 Low - 3/3 Middle tine from high of 2/24...traditional drawing. This fork has done one heck of a job of calling the action and it tells me that we are headed to 1253.25 SPX. This motion down is not done. OJ, we will SAR 1255 SPX, which should be about 1267 SPOO or so. We will then be in a profit position for the next move up. -Scott

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