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

To: Jerry Olson who wrote (10399)	12/15/1998 7:27:00 PM
From: nicewatch	Respond to of 44573

OJ and all, I'm here... busy with cramming for exams. I just posted updated commodity charts, FWIW. geocities.com As always, feel free to comment or throw stones, although I'll be studying most of tonight, FYI. Talk to you later Regards, Frank

To: Jerry Olson who wrote (10399)	12/15/1998 7:28:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

OT Just got back with a case of Pinots and such, I have to sample, see you later. Globex looks like it shall prove us wrong at this moment in time.

To: Jerry Olson who wrote (10399)	12/15/1998 9:29:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Hello OJ, Remember....GZ has the goose in his arms and he is singing to it. I.....on the other hand have a handfull of tail feathers and the golden eggs keep hitting me on the head. Soon enough I will catch one. Using Franks charts on S&P There are 3 forks in play...[2 are drawn] #1-the original fork of GZ's off the Sept low #2-off the sept high #3-a small fork off Nov high and pointing down [the least powerful] Today....the market bounced up off the middle tine of the major #1-fork Tomarrows Resistance....at the upper tine of the #2 fork...about 1185 Resistance to the downside is about 1075 where the lower Tine of fork #1 appears in time and price. Should that be taken out....1040 appears on the middle tine of fork #2 Tomarrow the market would be expected to follow the middle tine, and stay flat because of political weather and perhaps give back atleast todays gains, maybe settle around 1150 [where time/price meet on #1's middle tine] The small fork #3 is pointing down and the bounce today was exactly where it's middle tine crossed the middle tine of #1-GZ's original. What would be the next base as found within these forks...? Probably down to the lower tine of fork #2 at about 900-850....markets seem to bounce off lower tines. A round trip for GZ who now I believe has 2 short contracts. Is this predictive....maybe, but the forks seem to just focus attention on points in time/price. My guess FWIW....the market remains at the middle tine until the vote is announced. Then a sell-off maybe monday....how far...WDIK ? Hope This helps.... Chip