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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (62647)2/5/2003 5:59:03 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 94695
 
When we have such a steep, tight fork like the green one on the SPX daily, I find that "cloning" the fork works well. I also find that we typically test the lower tine of the "cloned" fork if we fail to hold the mid tine of the "cloned" fork.

So I am looking for a target of 805-10 for the next 2-3 days. I also think the green fork has described price very well so I am inclined to think we get it...

JMO

BTW thanks on the chart work, it's not that hard once you get the hang of it.