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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (34535)	9/29/2001 12:51:34 PM
From: Gersh Avery	Respond to of 68201

line values are listed just above the chart. For Monday the value of the lower red tine would be 813.12. What grabbed my attention Wednesday and Thursday, was this intersection of the 16day SMA and the mid black tine. The projected values for those two for Friday were 1043.16(SMA) and 1041.18(tine). Close for the SPX was 1040.94. Since we gapped over the mid tine on the way down, this close provided a solid data point testing this fork. Actually the best test that the black fork has had to date. The way that the day played out, the index ran up against that tine most of the day and just ran out of gas there. This tine doesn't usually act that way. It tends to repel from a distance. This may show the efforts of the nonexistent "PPT." Of course the 16day tends toward this "pinpoint" type of action. Overall .. yes scary. Monday will be interesting.