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

To: Stoctrash who wrote (8247)	11/10/1998 2:12:00 PM
From: GROUND ZERO™	Respond to of 44573

RUT looks pathetic, what is that picture? Is that company going bankrupt? Fred, I wouldn't touch it, I think that pattern actually broke the fork. Get it away from me. <g> It looks like a long shot, to me. GZ

To: Stoctrash who wrote (8247)	11/10/1998 2:47:00 PM
From: donald sew	Respond to of 44573

Fred, When I took a look at the ANDREWs FORK on the RUT, per yr chart, I believe that the short base line should be per the flat/slightly up period during Sept. Firstly, it would fit the 5th wave criteria a bit better. Also, the RUT will touch that lower trendline exactly but putting the short base line in Sept. Now take that high point and draw the vector to the lows in Sept(call it the X vector), then draw the vector from the lower part of the SEPT short base line so it intersects the main line with the X vector, call it the Y vector. From the highpoint of the SEPT short base line, draw a vector parralel to the Y vector - that now becomes the upper trendline of the corrective phase of the ANDREWS PITFORK. You will notice that it has already surpassed such trendline to the upside. Seeya