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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (32640)	11/7/1999 12:09:00 AM
From: Chip McVickar	Respond to of 99985

Vitas, On the Nasdaq >>10/8/98 1357.09 7/19/99 2874.92 8/10/99 2442.22<< In the manner I was taught to draw forks by GZ....this fork is invalid because the median line off 10/8/98 crosses through price activity during May-June-July 99. The farthest back date this fork can begin is 6/15/99. The Low of 8/10/99...sprd 9/10H-10/18L is a good recent fork. The newest fork off Mondays drop will be 10/12H...sprd 10/18L-11/5H. It's looking down and has a median line at 2850 for Monday and Tuesday. Market should at least bounce there if not actually stop. Why don't you ask GZ to take a look at the Nas with the pitchfork TA in mind? I'm still really just a student. Your Welcome....<<smile>> Chip