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

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To: SE who wrote (20593)4/9/1999 2:55:00 PM
From: Chip McVickar  Read Replies (1) of 44573
 
HI Scott,

I am now short[paper] 1344 SPX here at 2:30 Tp
This is a day trade
See what happens with this signal
We are bouncing down off a Mt from 3/24 combined with the Tp
Might be an opportunity....but it could also reverse strongly either
immediately or at 3:00

3/3 Low is the dominate fork
3/24 is also active but subordinate and the Median line is holding
the market from gong up

2/24 High is the dominant fork if market closes lower
then yesterdays close of 1344 SPX
3/19 High also
3/30 high also
GZ's Oct Low is also active as a major cycle Mt at 1335
Market needs to stay above that number
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