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

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To: GROUND ZERO™ who wrote (8591)	11/15/1998 10:19:00 PM
From: SE	Read Replies (2) of 44573

GZ, Just started trying to plot the forks. Finally got around to it. By this post, I plotted the fork following these prices on the SP8Z: Recent High - 11/6/98 1145 or so. Recent Low - 11/5/98 1117 or so. Are those the points you were speaking of? If so, it just bounced off the middle tine and is heading towards the upper tine at the 1141 area. Can you give me some guidance as to how it is the highs and lows are picked? Conceivably any high, low could be picked and a fork plotted. How are the important points picked? You stated to buy after it broke the upper tine. Does this mean that forks are like congestion zones of some sort and once they break out of the zone they are heading in the direction of the break? I would assume that while the price is in the fork the middle tine acts as both a magnetic draw and once touched a magnetic resistance, if you will. Thanks. -Scott

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