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

To: SE who wrote (13226)	1/20/1999 12:42:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 44573

Scott - Pat - Thread, Looking at a move setting up for 1:10-15 SPX Market bounced off a M tine yesterday Setting up a lower tine and new fork. It's middle tine was off 1/13 and is now at 1274-75 #1 Market may pause here 1274-5 and go upwards #2 Or it maybe repelled and head for the lower tine at 1254 #3 If the market plows through this M-tine before 1:10-15 I would expect it to return to the m-tine and head up Upper tine is at about 1300 spx So I expect a top or pause here at 1274-75 And a sell off to 1254 But look for #3 also Lets see what happens I will take a position here...probably short expecting 20 pts to the lower tine....If not I keep 2 longs Chip