SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: doug-e-mini who wrote (21160)4/15/1999 12:12:00 PM
From: SE  Respond to of 44573
 
doug,

I never even put that one up. It did not fall within my pivot count, but damn, I like that fork. It has held nicely......1320 SPOO very well could be it after all. The fork has been tested before and held.

Yes, I will look for another re-test, but not a lower low and that would be the time to SAR for OJSE I think.

-scott



To: doug-e-mini who wrote (21160)4/15/1999 1:45:00 PM
From: Chip McVickar  Respond to of 44573
 
Doug,

Part of the fascinating aspects of these median lines is finding a tine
in unexpected places. There are any number available at any one time and
matching a line to market action is "neat." But at some point you have
to ask what works and what is noise? After you look at these things for
awhile a sense of priotity will deveolpe naturaly and the selection of
the important to less important will become evident. Both of those forks
that I presented were in the less important variety. But they serve as
focal points in price and time. Your 2/10 Low fits in here too.

It's great to have some collaboration.

Part of what needs to be done now is to go back through my material and
see WHY? this turn in the market was missed. There doesn't appear to be
any concrete set up...that usually accompanies reversals. Just that small
spike on the 12th. It's possible that "not" charting the nasdaq is where
the problem lies. It is the weight of that monster which has caused and
influenced this S&P sell off...

3/19 High is the next median line support of consequence
Chip