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


To: The Jedi who wrote (13781)1/26/1999 3:19:00 PM
From: Chip McVickar  Respond to of 44573
 
Jedi and Thread
iqc.com
.
Here is the fork that seems to be running the show
M-tine off High at 1/04 -- spread that follows
M-tine is exactly at 1248.5

Time projection for a move at 3:00

Upper tine at 1278
I will probably sell here if the move is weak
Maybe keep if the move is stonge and probably add more

Jedi
The market would have paused at 1239-40 but the lower tine
of this fork off 1/4 high is at 1220

I went long at 1246spx for 2 [on paper]

There is another fork off the low before 1/19--spread that follows
This fork has a time projection for about 3:00
Notice the lower tine has carried the marketspx and crosses the
M-tine at 1248....very powerful

I should have seen this fork yesterday
The market >as to these forks< was drawn right to that cross
I should have been long since 1222...atleast from this mornings
open...I've blown all those ponts by not paying attention