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To: Chip McVickar who wrote (15588)2/16/1999 1:11:00 PM
From: Bull RidaH  Read Replies (1) | Respond to of 44573
 
Chip,

BATTLE OF THE FORKS

With the sell off of the last couple hours, you now have a down fork starting from 2/11's close. With the lower right tine set on the early a.m. low of 2/12, and the upper right tine set at the 11:45am highs today, the upper right tine is trekking down around 1246 now.

This new down fork and the up fork off the 2/10 lows i mentioned earlier see their key lines merge at 1240.6 SPX today at 3:20pm. Whoever wins that battle definitely has the s-t upperhand. Location of price after 3:20pm determines the victor.
Bulls Win > 1240.6 > Bears win.

Regards,

David