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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (708)10/30/1999 11:09:00 AM
From: Gary E  Read Replies (1) | Respond to of 7434
 
<< perhaps it's an accident>>

No accident,,,

Now look at 9/28 Low,,,Bisecting the 10/11 High and 10/18 Low



To: Patrick Slevin who wrote (708)10/30/1999 11:38:00 AM
From: SE  Read Replies (1) | Respond to of 7434
 
Yes, indeed. A good fork.

I always used the Oct 97 low instead of the Jan 98 starting point however....but yours looks a touch better.

Now the thing to note about that fork is that it has tested the upper tine several times and then bounced nicely after the first test of the middle tine. Subsequent to that the middle tine was broken which suggests we should test the lower tine.

From when and where I don't know as now we are back above the middle tine.

The lower tine will be tested however....just a matter of time.

Maybe GZ or Chip could give us the proper timing on that.