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To: Kirk © who wrote (8241)10/26/2005 1:37:05 PM
From: Chip McVickar  Read Replies (2) | Respond to of 12411
 
Yes Kirk the 8/3 high 1246 is valid pivot... and when using the recent low it captures the move. Depending how large the spiral you use... the wall could extend forward into next week.

IMO the spiral closer is often stronger.

There were a pair of forward Time Projection windows on the thursday and friday of last week opening the door for the move.

Also, the 1175 gap was closed... tested and experation week ended... maybe the unwinding of Refco stock positions also culminated.