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Strategies & Market Trends : today's chart
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To: Richard Estes who wrote (1214)10/22/1998 9:25:00 PM
From: CatLady  Read Replies (2) of 1267
 
Richard -

Re: "The pitch fork is gets more complicated. you have to identify 3 pivot points then draw a line from the firat point so it bisects the 2to3 line you then draw parallel lines from points 2 and three, parallel to mid line."

I can draw the pitchfork in MetaStock easily enough, but how do you pick meaningful pivot points? Pivot point means some intermediate high or low point, I assume? Just picking highs and lows I sometimes get a pitchfork that seems to channel later movement, but other times, not.

CL
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