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


To: doug-e-mini who wrote (15882)2/18/1999 1:23:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
EDIT>>>Do you see the next middle tine on your 15min chart
the market is right there NOW 1237spx...what is it going to do?
Break thru and go up od Drop away

Well Doug....Good eye...you may have found the fork in play.
I will take a look.

I went short because:
5 min M-tine off 2/17 afternoon low was broken earlier
Its lower tine was broken at 1229
a/d were falling, MACD,cci,mo were weak

But it bounced off a M-tine from the open spike...

I should have sold then at that bounce at 1227spx
Buy I blew it...
These short choppie days maybe better viewed from farther out
To Damn much work >smile<
I think I'll follow your lead and look at the 15min and 30min

This 5min fork I've folloed is looking at 1238-39spx
Did you catch the posted new T-projections?
Chip