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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (7858)	11/4/1998 1:50:00 PM
From: GROUND ZERO™	Respond to of 44573

Pat, The more recent fork is more reliable, also the bigger the fork, the more durable. So, we're talking about a longer term big fork and a more near term smaller one. The forced choice? I would rather rely on the most recent one. Yes, cash could be close, and prices will sell off if we rally up to it, but it could also follow that line and move to the next higher tine, an imaginary tine drawn parallel to the upper tine equidistant in space above the high and center tine. These much higher tines are reliable, but at that point I would stand back from the chart and use a fork where prices are still framed within the three main tines of the fork. GZ