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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Chip McVickar who wrote (2758)8/31/2000 4:53:13 PM
From: Dan Duchardt  Read Replies (1) of 33421
 
Chip,

Thanks much for your thoughtful response. I will need to read it over a few times, but it certainly gives me and probably lots of other folks who lurk here a better perspective. As you say, one needs to watch them for a while, and that is what I have been doing. Unfortunately, my charting service does not have a built in fork generator, so I do it myself with a series of trendlines. That probably keeps me from drawing as many as you have mentioned, but I do find myself thinking of imaginary medians and tines coming off the reversal points and looking for where the market is in relation to them.

Dan
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