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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: forkit who wrote (43999)2/27/2001 9:53:29 AM
From: Chip McVickar  Read Replies (1) of 44573
 
Tim,

>>my handles never cross a price bar that's not in the spread. <<

It seemed part of the discipline that appeared early when learning how to use the forks. It stuck with me, but from the small exposure to others who draw these forks, all seem to use the dominant pivot points paying no attention to bars that cross. I believe Andrew's used them as an adjunct to the Elliot Wave theory and plotted off the Elliot pivots. Did you catch the recent article in Stocks and Commodities...?

Don't know if there's a right or wrong in this...?
I don't count E-waves.

BTW, the SPX market responded to your charts and forks/fibs with a small move down. Now one needs to decide to hold-sell-add on to any position from further down.
(I'm in at 1231) What to Do.... What to Do...! <smile>

Chip
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