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

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To: Tom Trader who wrote (9510)	12/4/1998 12:58:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Tom, I'm going to answer a little differently then you might be looking for....Your system seems geared to structured breakouts and your attention is on defining those numerically. I use the tines very graphically...not looking to project specific highs or lows in the stocks I follow...no targets for where they the tines might take the price. From the lows at 10:30 that tine is still working. But I would not venture a future point of breakdown or resolution. It's a graphic activity or pattern. The time considerations that GZ has defined should still seem to be reliable, but you would have to ask him if they are any use when brought down to minutes. I look at tines as a focal point to clarify all the noise not to create any. Pats pattern work I would think would be similar. It's like a 'meditation' if I can be permitted to use that word. Graphically the forks seem to clarify directions to follw not determin where it will end up. When to buy or sell is often intuitive. Right now at 12:30 is a point of indescion it has broken the longer middle tine set at 10:30 and is running right along a new middle tine off the 11:40 highs. I would not sell any long position yet, but I might be considering setting up a short ? I use this on stocks and have not tried to trade daily positions on Index options or futures...that is why I asked SE about his attempts. GZ passed the the fork along to me about a year and half back...as you play with it you lose the need to plot the forks and can just eyeball the patterns that form. quote.yahoo.com^SPX&d=1d I hope this is helpful Chip

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