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


To: Kona who wrote (23342)5/17/1999 11:35:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
Kona,
Good Eye....

The SPX [1338]is right on the Lower tine of GZ's sept/oct fork.

It is not yet considered Broken...

If it falls below 1338 it can return in a few days and still be valid....but not very far and not for long. It's such an old fork...it will take a serious move Down to totaly negate its usefulness.

Any sustained break of this fork will produce the end of a truely remarkable and beautiful Andrews Pitchfork.

Chip

These are good charts for ploting Forks
You can also print them
iqc.com