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Pastimes : Ask da_cheif

MVIS 1.075

+1.9%

Nov 5 3:59 PM EST

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To: da_cheif™ who wrote (515)	3/6/2001 11:28:00 AM
From: Chip McVickar	Read Replies (2) of 8150

da_cheif, >>chif...wats ur definition of strength.... << Pitchforks and the way I use them give Price and Time entries/exits, which are highly accurate. They also give Time/Price forward projections. But measuring the strength of a move and it's speed is hard for me to determine. Don't have a very good measure for it. Don't like MACD, Stochastic, Williams R or other methods of using old data. Fun to watch, but Mostly Junk...! I don't count waves. Do use RSI and OBV deviations...and OBVolume. Experimenting now with the Fib Spiral applications. Finbonacci relationships using 1.618 are valuable. Like: coil origin high Oct(10995) less Nov low(10292) x 1.618= 1137 +(10995)= 12,132 as a target. Finally, I use a 25day Summation of the Advancing and Declining NYSE issues to give a broad measure of the flow of this market and the OB/OS conditions. Currently set for a trend change within next 6 days. But none are "Realy" measures of strength. So the closest Fork projects to 11,000 by Mar 12-13 Does this make sense, What do you use...? Chip

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