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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (5421)2/26/2005 10:38:23 PM
From: Gersh Avery  Read Replies (1) of 8752
 
re your LR chart short term up:

You put in a value of 26 for the LR. If you put in a 16 it shows a down trend.

You can chose whatever degree of up or down by adjusting that number.

It becomes somewhat subjective at that point.

One value that works well for you may not work out so well for me.

I may be missing something here.

Anyway, your fork chart:

Not bad.

I would have chosen the high of the red candle for Jan as the start of the upper fork tine. The result would be a fork that is slightly less steep. In addition it would not already be breached. If there is a run north in over the next few days, the upper tine should contain the movement. That would be about 39 ..

BTW with a slightly less steep fork, the center line would be at about the ~34 line you point out.

Yes the sto could be about to head back up .. However the MCAD doesn't look to be in the bottom area yet. And the look of those items also change with changes in settings.
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