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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (228)12/23/1997 12:01:00 PM
From: Chip McVickar  Read Replies (1) of 745
 
Hi GZ
I've just plotted a Pitchfork of the DJIA from:
A---High in Oct - 8178
B---Low in oct - 7161
C---Bisected and then drawn parallel lines
This clearly shows the foundation at 7750ñ for this weeks market.
.
Questions:
>Are there any other points from which you would draw another pitchfork
to clarify the points in time and price you are considering..?
>Would you draw a downward fork from another point...which ones...?
>Would one go back further to the low in April and draw a fork..?
>If so would the intersecting of these lines have any signifigance..?
Thank You
Chip
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