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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (19734)	11/6/2001 8:34:09 PM
From: Jack of All Trades	Read Replies (1) of 209892

I updated my 15/120min forks... geocities.com The weekly is a bit old, but you can see updated lines on the 120min chart. I know the 120min is hard to read because of the two downward forks. If we do go down at the open and stay down I would consider the pink downward fork to be the one to play off. On the 15min chart I just left the upward fork as I don't want to draw the downward fork until we get some down. On the upward fork you can use these as support/resistance lines. But forks generally act as magnets... I will go long some puts only after break of the lower tine (thick). I know some would say that the break of this lower tine (10/31 and 11/1) could invalidate the tine. But sometimes early in a forks life it will get violated to retest the same high/low. Comments by anyone?

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