John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: current trend who wrote (1431)	4/28/2000 2:28:00 PM
From: Chip McVickar	Read Replies (2) of 33421

CT, Daily forks are the best place to start, but forks can be used on any time frame and traded even on 1 min charts. The closest fork to the current date is the most active and direct. Both the median line and the upper and lower tines are very important. This is the trading fork. But trading forks can go back 2-3 sometimes 5 forks and they will stop the market cold. Farther backwards in time the older forks lose viability and GZ says after a year they are almost useless for trading. Now, any fork projects into the future and the big ones off larger spreads are still active, sometimes years back. I've found that older fork median lines remain active, not the outside tines. Any fork must be used in context with the current conditions.... Okay! As each new fork is formed you must be quick to set it up and see what happens and where it leads the price..... Applying a sense of strength to a fork is a matter of seeing how they operate over time.... Not just which one is up front. But remember...., forks are a measure of price and time. Chip

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