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

To: nicewatch who wrote (14669)	2/3/1999 11:31:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 44573

My grey forks are extremely short term and can be violated without too much effort. If you notice at this juncture in time on that chart that a decision has to be made tomorrow. There is a support line connecting the lows of Dec 14, 15, Jan 15, 22nd and 2 Feb that either will be broken or the fork will have to give way. That fork was a WAG after the upward fork was violated yesterday after holding for over a week. The Dark blue fork is a mid term and could be violated also but has worked well since early January. I tend to over analyze looking for all possible areas of support and resistance and then watching the action as it approaches those points. I do expect the fork to fail tomorrow since the bias has been up into weekends lately but it was an attempt yesterday to channel the negative bias and show the what if. Good Luck, Lee