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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Nemer who wrote (7760)11/3/1998 2:52:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
I wish I had been watching instead of thinking; I might have decided to buy down in that 14, 15 range.

I think what I shall do on this Pitchfork thing is draw up a Spreadsheet. It should not be any great shakes to extend the Tines of the fork without using a picture. As each day goes past, the points where the Tines should be would be calculated on the spreadsheet. After all, we are looking for S and R points anyway and the Tines repel or else accelerate the market's motion in theory.

So if you knew a Tine was in place at 1120 on the SPX tomorrow you expect either a sudden push away from that level or an acceleration through it, if I understand GZ correctly.
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