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

To: Tom Trader who wrote (11660)	1/4/1999 2:37:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

have no fear...the fat lady has not sung!!!!!!! ha ha.....i'm long the OEX as we speak.....

To: Tom Trader who wrote (11660)	1/4/1999 2:45:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Yeah, I was wondering if you plan to adjust your stops insofar as the ranges have become so wide. What did it do, go up 16 then drop almost 22? I may have to start drinking geritol and learn how to trade bonds.

To: Tom Trader who wrote (11660)	1/4/1999 2:58:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Hello Tom, For those interested in forks There have been 2 major forks today The SPX just broke through the lower tine of a fork #2 at 1235/6spx and has bounced near the lower tine of a fork #1 at 1232 This could be the last base for todays market spx Time projection for the Fork #1...calls for a move at about 3:10-15 Fork #1 is off the open high of 12/31 Fork #2 is off the afternoon high 12/31 They both use the spread from opening to the early morning high of 1/4 And both have been fairly stronge all day except for the initial open which was another series of forks. Although I made a good call at the open...I've missed the obvious short off the upper tine 1248...that was a sold bounce to short atleast at noon and 1245