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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 (9628)	12/6/1998 5:12:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 44573

One of my bread and butter indicators of intermediate term direction 21-43-9 MACD of the key indices stopped an upward rise. Fell right to sell line and lifted slightly on Friday. This week looks like it is either a nice bounce off the near breakpoint or a turn to a sell signal. The next several days appear very key for establishing the intermediate term trend.

To: GROUND ZERO™ who wrote (9628)	12/6/1998 7:42:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 44573

GZ, Interesting. I have never drawn an upsloping fork using a high, low, low sequence, although I see the fork to which you are referring. With my software I cannot automatically draw the fork you mention (and I'm too busy right now to manually draw the lines); however, I did add a longer term fork which is somewhat close... FWIW. geocities.com The new bottom chart shows the SPX with a longer term fork using the pivots of 10/28/98, the all time high on 7/20/98, and the most recent low of 10/8/98. This fork is not quite as steep as yours, but close enough for now to give the general idea. I remember Scott (I think?) mentioning this SPX fork a few weeks back. Talk to you later Regards, Frank