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

To: Lee Lichterman III who wrote (14671)	2/4/1999 12:30:00 AM
From: nicewatch	Respond to of 44573

Hi Lee, Thanks for the explanation. The charts I posted tonight show the same thing... more or less. geocities.com One other nearer term fork that has been working well, for me at least, -basis spx- is the upwards fork (11/12, 11/27, 12/14). There are some nearer term forks which resemble it WRT slope and lines, but I prefer to show that one since it is older and better tested. Of course, I look at them all and will switch if others start working better. 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. I think I took it down from my charts... but a similar type line I had been looking at for some time on the SPH (still am) was a line connecting the close of 10/8 and 12/14, extended forward. On a bar chart or line chart it shows the same thing, IMO. It doesn't show up as well on the SPX, but on the SPH I had been using it as a momentum trend line. Your line is a good version of it for the SPX. 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 used to do that... and still do to some extent.... in fact I probably always will.<GG> In the last year, I've begun to figure out how to keep my analysis from interfering with my trading... whatever that means!<G> Talk to you later Regards, Frank