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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (2027)6/7/2000 12:20:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
That sounds very reasonable....!

1470spoos is an upper tine off 5/16 daily fork, it's been defining the markets upper reach for the last 3days.

A median line on the 5 min charts is here at the same time.

I like the upside today and this afternoon.

This is a correction:
Tomorrow there is a fork TP from 10/18/99 SPX that will do something.

When the market didn't move on Tuesday I went back and recalculated that TP and found it was off 2 days.

BTW...with the TP origin that far back you could say all 3 days are the target and expect this week to be a pivot.

Without news these markets sat up on stubbornness. <smile>