GZ - After reading hundreds of SI posts on the pitchfork and trying to plot them on my TC2000 charts, I feel like Captain Kirk after 100 days
on a voyage:
Captain Kirk: Zulu what direction are we going?
Zulu: North, Captain.
Captain Kirk: ???????
A few questions on the pitchfork, if you don't mind, from a lurker -
1. 'The odd thing about the center line, it acts like a magnet, it attracts the market, but when it finally touches that line, it changes poles and repels prices very quickly' Does this mean, that if you are in a upwardly sloping fork, that prices from the lower tyne will bounce back off of the center line toward the lower tyne, and that prices from the upper tyne will bounce back toward the upper tyne?
2. Are the upper and lower tynes resistance & support, respectively on upward sloping forks, and support & resistance on downward sloping forks? If so, what is the significance of the center line?
3. What is the significance of intersecting forks? Do prices tend to
gravitate toward the price point of the intersection? I had dinner with my son last night who is pretty intuitive with patterns and I drew the intersections on a paper table cover. He saw that at the intersection of the two forks there is a rectangle (sloping upward or downward depending)with four quadrants and that the upper and lower quadrants were areas where prices would gravitate toward to the intersection of the center lines. Is this right?
4. How is volume taken into consideration? Or does the degree of slope take this into account, inherently?
5. Does the pitchfork work well on liquid individual stocks as well as indices?
6. Do I need to buy logarithmic paper to track this manually?
7. How can anyone turn down $5mm/episode for an additional year?
5 x 22 = $110mm !!
Yada yada yada
Thanks - Art |
