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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (5420)	2/26/2005 10:52:06 PM
From: Gersh Avery	Read Replies (1) of 8752

locate the set of points you want to use. either a high-low-high or a low-high-low set. your earliest date will be the start of your center line. draw a line between the next two points. Then extend a line from your center starting point through the center of the last line that you drew. By using the exact center of the first line that you drew as the cross over point for the center tine, the data points have determined the slope of the fork lines (tines). Then the upper and lower tines are simply lines that are parallel to the center one and start from your second and third starting points

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