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

To: SE who wrote (20491)	4/7/1999 9:56:00 PM
From: SE	Respond to of 44573

This is interesting. If their pivot count is correct then we are heading lower via the forks. If their 5 is really 3 as I counted, then we might be heading higher to 1337 first before the pullback. Either way I am talking short term move here, not the longer term. If they are right, 1301 is right around the corner...and we are in sell territory right now. Interesting chart. markets.tradingtech.com

To: SE who wrote (20491)	4/8/1999 10:05:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 44573

Scott, My reply here is late because I wanted to re-read your Post. It's filled with great stuff. Gordon is obviously teaching someting akin to Ewave steps...Hopefully not as pernicious to ones mental condition or for that matter ones cash balance. Ewaves are very difficult and overly done! I can visualize a progression of pivots and have often wondered weither there was any step counting involved or method of projecting the next turn...obviously there is.... Also, from what you say there are definate targets that are anticipated and what happens around them appears to be important. To know when a fork might break down would be valuable. This will all be new stuff for me.... I cannot be of much help with the bonds until the new computer arrives next week then maybe I can access a chart. I would imagine the forks are flatter and not as chopped up. Must be kind of different? In the bond section of your post you mentioned FIB lines...then further on along you brought up Babson Lines in conjunction with the SPX/Spoo. I've looked every where for a definition. Nothing comes up in my referance books....What are Babson Lines? The Major Fork for the last 3 weeks has been the 3/3 Low spread 3/19 High and 3/24 Low.... The corner that was turned at 1260± on 3/24 certainly has been significant. It's median line is sitting at 1352± for thursday probably 1358 for friday. GZ's Oct median line is about 1335± The market must stay above this 1335 and what it does with the 3/3 median line will be interesting.....repell up or down. I have a projected price target of 1363 which should be met by the 13th and the 15th a new moon with its' change of sentiment. Combine this with the A/D of GZ...now 5 days in the plus side I think we've got a strong move ahead into next week. Take Care Chip