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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (44261)	3/22/2001 10:27:33 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 44573

Hi Gersh, There's a prospect for a turn lower at 1080 or 1060spx. For this big move I've got a chart that looks like this....! Print a weekly chart of the SPX. Fork #1 handle: july 1999 4th week-1429 spread: low oct wk 4 1233 --- high mar00 wk4 1552 This fork's lower tine is broken, but still holding. Fork #2 handle: jan00 wk 1 high 1478 spread: low mar00 wk 1 1328 --- high mar00 wk4 1552 Fork #3 handle: high mar00 wk4 1552 spread: low april00 wk2 1339 --- high sept00 wk1 1530 Add two trend lines: oct97 wk5 low 855 -- oct98 wk2 low 923 dec94 wk2 low 442 -- july96 wk3 low 605 Add Fib retracement: dec94 wk2 low 442 -- high mar00 wk4 1552 The weekly bar is right there near the .382 at 1132 Sort-of-a last chance before 1050 and the djia at 7850.