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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: John Meade who wrote (1880)6/14/2001 3:27:45 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Look for strong market movement at 3:30 - 3:45 - or tomorrows open

>>Chip,if we bounced off the middle fork on Tuesday, where is the lower one?<<

That was a daily fork and the whole bar will be hanging on that median line even if todays close is lower then the fork. That's okay...!
Drop off and then look for lower prices.

The next daily fork is active now and the market is following the upper tine down. The median line is at April lows.
That SPX fork is:
handle: 1/31/01
Low: 3/22
high: 5/22
intermediate handle: 3/8

This guy might have a picture...?
medianline.com