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

To: John Pitera who wrote (2658)	8/17/2000 10:44:05 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

John, printed the dollar index dx00u daily chart....did a scan of pitchforks and their tp's So far since March the fork tp's have done their job very cleanly and the market has been responding well and reversing direction clearly. (about 4) Today has a tp off the shoulder from June 1 and the following big spread. (June-Aug peak) Also for today a tp off 19 July and the spread that follows. Further out... 23 August is a tp off May peak using this spread - (June low - Aug 3 peak) 28 August is a tp off May peak using this spread - (June low - Aug 9 peak) Forks suggest that the next big move is a retest of 111.50 and then a move down to 109.50 and then to 108±.... Then 106 if the last 2 are broken is the major fork off May peak. 109 is a key area for any decline. Hope this is of some interest..? Catch You Monday, My Best, Chip