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To: Jerry Olson who wrote (10257)	12/14/1998 2:31:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 44573

OJ, I just looked at a 15 minute SPX chart... not too encouraging for the upside. It would be nice to see higher highs and higher lows first, but that hasn't happened yet. I wonder if we selloff into the close? It should be interesting... talk to you later Regards, Frank

To: Jerry Olson who wrote (10257)	12/14/1998 2:55:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

OJ, Here is a 5 min chart on the daily SPX iqc.com . Notice the pfork off the high of 12/11 around 1167 before noon It is bisecting the spread from 3:00 to just before close. The market has followed this middle tine all day and is at it right now bounced off the m-tine...it seems to be the dominant fork for the day unless we turn up....significantly. The lower tine of this fork would project towards roughly 1136 on the day. Hope this helps Chip The time projection was looking for some move at about 12:00-30 EDIT: there is a smaller fork off the high around 12:30 which is working off the next clear spread, it's time projection produced a move to the downside as expected