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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (6246)3/11/2005 7:25:20 AM
From: Gersh Avery   of 8752
 
According to "the rules" (whoever wrote them .. probably Andrew ) any breach and the fork is dead.

However, in practical application, I've seen small breaches where the stock or index snaps back into the fork then the fork seems to stay intact.

In this case the breach was major.

And yes, the close has impact. It's just not the rule.

I used to post fork charts based on close. I've also charted forks based on the average of the high and low of the day. I did those with an Excell spreadsheet.
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