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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 57.94-4.6%Jan 20 4:00 PM EST

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To: Runomo™ who wrote (13536)2/20/2004 3:03:53 PM
From: Chip McVickar  Read Replies (2) of 207974
 
Here's a daily chart for the cash SnP...
stockcharts.com[h,a]dahannay[dc][pf][J19190725,Y]&pref=G

This is an excellent picture of how the pitchfork works.
The Red fork has carried the daily price
Price should be given a little room in following fork tines, it can drop off and return....
Notice the blue pitchfork in November... it's median line pushed away the price back towards the red lower tine and again the blue upper tine pushed it away at 1053...

I added to my longs at 1035± after the move away from 1031....

Hope this answers your questions....?
If not let me know....
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