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


To: nicewatch who wrote (8805)11/19/1998 7:00:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 44573
 
Frank,

Nice work. If I may offer a comment, on the SP chart, if you tried drawing the first fork from the high connecting the first low rather than the second low, you'll find that the lower median line offered support for the second low and makes it very clear why I bought the SP's on that very day, the day the second low was made. Because that suggested fork was validated by a successful test of the lower median, I would rely on the upper median line to be valid also. If the fork were redrawn the suggested way, the ceiling will also be raised a bit. Just check it out and tell me what you think.

GZ