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

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To: Gary E who wrote (20410)	4/7/1999 1:30:00 PM
From: SE	Read Replies (2) of 44573

Yes, that is OK. Now print it out and draw it. It looks to me like the lower tine was broken and now prices are hugging the lower tine of the way up, not as support, but as resistance as it touches the lower tine and backs off. In fact right now there is a channel formation with the lower tine be the top channel and then draw another channel just below prices today parallel to the lower tine and supporting prices. Art Class 101....not sure it means much though.... -Scott

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