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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (261)1/1/1998 1:52:00 PM
From: current trend  Read Replies (1) of 745
 
GZ--

I've been following your discussion about
pitchforks with great interest especially
after you said this indicator in part helped
result to your early retirement. I'm having
a problem, however, finding unambuigous pivot
points for pitchfork construction until many
days after a high or low seems to be in place.

Are the two most recent pivot points
always incorporated into the next pitchfork
such that a sequence of H1/L1/H2 is followed
by L1/H2/L2?

Are pivot points, objectives,and cycle Highs
( or Lows) all three the same thing?

Does counting the number of days between L1
and H2 bisected by the centerline give one
an estimated time cycle goal in which to
look for L2?

Does the center line point the direction
of the trend?

I'm still not sure when to abandon the last PF
and look for and follow the next.

CT
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