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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 (8579)	11/13/1998 4:27:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

HI Fred it's probably like mva's or BB bands ??? but in P&F speak...this stock in the face of gigantic selling presure bounced off it's 50dmva twice today..at 63ish... that number is the first good support...if Mon is UP I feel DELL and NDZ will fly..it was low all day because of all the internets & other big cappers taking profits... i'm bullish on DELL, and feel i'll do swell<g>...as long as AG does his part...if not...ohhhh bother...:<{

To: Stoctrash who wrote (8579)	11/14/1998 9:30:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Fred, Thanks, great chart. The only additional comment I can make is that now the new fork can be drawn from the most recent high down to the previous low, then bisected by the earlier high. That would show a sharply declining fork. Of course, prices could easily rally up and break that newer fork, but still, I would actually watch the more recent one and buy when it breaks above the upper tine. If you understand this post, then you've got the basic idea of plotting forks. GZ