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

To: sandeep who wrote (8494)	11/23/2005 2:43:36 PM
From: Jack of All Trades	Respond to of 12411

Well I generally don't hold overnight, but I have been trading the ES with a long bias since the 16th based on the 60min forks. The modified Schiff fork has contained the action until 10:30 am today where it has popped out of the uppertine. It's pushing the 50% extention tine now and will probably hit it on the close... In the daily TF we popped out of the downward fork on 11/10 and haven't looked back... NDX looks even more bullish on the daily as it breaking out of a projected downward fork that has described price at 2pts in the past. If I draw a new projection based on passed prices we could be looking at 1840-50 in the coming months... JMO