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It looks pretty simple to me, if we get below 1555, short the hell out of
it!!!
In the meantime, enjoy the next ride down in sugar to about 7.
gary
hawaii
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> From: Renate Muldowney <mailbox@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Sep Cocoa
> Date: Sunday, July 26, 1998 2:02 PM
>
> It is a
> simple pitch fork with
> the lines extending all the way
> this makes it hard to figure out which points are used.
>
> RM
>
>
> At 07:30 PM 7/26/98 -0400, Alan Sears wrote:
> >
> >
> >>Here is my chart work on this:
> >>
> >>You can place your stops below the line and reverse
> >>if they close below in the next few days.
> >
> >
> >This looks like a simple "pichfork" using the
> >points
> >
> >Apr 16 low
> >May 15 high
> >Jul 15 low ??
> >
> >However, with the lines extended backwards in time it
> >gives the illusion that the market stopped at the lines
> >when in fact they are drawn with hindsight ???
> >
> >
> >
> >Attachment Converted: "e:\eudora\attach\AD_cc8u.gif"
> >
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