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To: SE who wrote (8818)11/19/1998 9:26:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 44573
 
Any feel for timing of the top GZ or others if it even gets that high?



To: SE who wrote (8818)11/19/1998 9:43:00 PM
From: nicewatch  Read Replies (1) | Respond to of 44573
 
Scott, What fork has a top tine at 1161... an intraday fork? FWIW, I took the price levels for the forks off my charts for the next few days. These should be accurate to about a half point. -------------------- Fri. ----- Mon. ----- Tue. Longer term fork 1178.2 ---- 1177.40 ---- 1177.1 shorter term fork 1194.2 ---- 1197.0 ---- 1200.5 Talk to you later Regards, Frank



To: SE who wrote (8818)11/20/1998 12:16:00 AM
From: Brian Hornby  Read Replies (2) | Respond to of 44573
 
Scott,

Another analyst who has quoted 1161 as resistance for the Dec SPOO is Tucker Emmett, who gives a daily commentary for Xpresstrade customers. His support and resistance numbers have been astonishingly accurate. He has been predicting that the SPOO would get to 1161 in the current rally and it is kissing it now. I did my own pitch fork and the top line does hit 1161 - picking the July high and October low. as significant high and low. I am not sure what technique Tucker is using for support and resistance though he does fold Elliot wave analysis into his work. His closest support number now is 1141 BTW. Given that I think a breakout above 1161 is possible, as I can't really see us not gunning for a try at the old highs before any serious withdrawal. Perhaps some consolidation now and then a push.



To: SE who wrote (8818)11/20/1998 8:24:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 44573
 
Scott,

Remember the line is moving higher over time. I also think 1190 or 1200 might be all she writes, and this is why back some weeks ago I thought that would be the likely objective, but it's up to the market, not me...This could bounce off that line then pop higher into the next line...that would be an imaginary line in upper space parallel to the upper line and equidistant to it as the center line, presuming the index makes new all time highs. We'll see...

Later...

GZ