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

To: GROUND ZERO™ who wrote (8591)	11/14/1998 11:29:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

GZ,...I will add that other fork and take a peek, thanks!! Glad you spelled it out for me, as many times I can be pretty thick & not see the forest from the trees. I think I understand...we'll know when I post it. What other indexes would we all like to see? I'll do a batch of them this weekend, NDX, SPX, OEX, BKX, Naz Comp, INDU, SOX, XAU....and you can comment & correct the pics. Any others we should add?

To: GROUND ZERO™ who wrote (8591)	11/15/1998 10:19:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

GZ, Just started trying to plot the forks. Finally got around to it. By this post, I plotted the fork following these prices on the SP8Z: Recent High - 11/6/98 1145 or so. Recent Low - 11/5/98 1117 or so. Are those the points you were speaking of? If so, it just bounced off the middle tine and is heading towards the upper tine at the 1141 area. Can you give me some guidance as to how it is the highs and lows are picked? Conceivably any high, low could be picked and a fork plotted. How are the important points picked? You stated to buy after it broke the upper tine. Does this mean that forks are like congestion zones of some sort and once they break out of the zone they are heading in the direction of the break? I would assume that while the price is in the fork the middle tine acts as both a magnetic draw and once touched a magnetic resistance, if you will. Thanks. -Scott