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To: Chip McVickar who wrote (20585)4/9/1999 9:48:00 AM
From: SE  Respond to of 44573
 
Chip,

RE: Previous fork mentioned. Yes, that is the same fork I am watching and why I think we go to 1360 SPX and rising. 1360 is the beginning of today's number. By the close it will be slightly higher, couple three points.

If we get there, it is a sell I think since my 1337/40 range did not work.

One fork at a time...and so far they are falling. This thing rocks!

-Scott



To: Chip McVickar who wrote (20585)4/9/1999 10:24:00 AM
From: SE  Read Replies (2) | Respond to of 44573
 
Chip,

Not sure where we go from here....my original fork, the 1337 number I spoke of, seems to actually have held at 1344. I just put the chart back up and re-drew the fork. The 1337 was yesterday's open number...by the close it was 1344. Now it is higher than that. I have to pay closer attention to the slope of the tines.

The fork:

3/24 Low
3/30 or 3/31 High (not sure which day)
4/01 Low.

Check it out.

If this is the case, then we are heading to 1301 and not 1360.

1360 is the eventual target, but we do it via a round trip lower first....unless of course, we continue to hug the middle tine all the way up to 1360.....not sure what to make of this.

-scott

EDIT - BTW, the fork above that I mention and the main fork you are following that you mentioned in your last post to me have their middle tines cross on 4/16 at 1393. FWIW.