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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (747)	10/18/2000 5:16:13 PM
From: Patrick Slevin	Respond to of 8925

Yeah well start the thread, I'll be interested. I do not start threads, I sense if I do I have to be moderating them. Too much responsibility. I did not really pass on Forks, I tried to understand them back in 1994 or perhaps the year before that. There was no one who could explain the intricacies of forks, unlike Gordon today. Now I am too old to swap out into re-learning everything and what I use works fine so starting all over again is not going to be an option. I know you believe zero explained forks but not to my satisfaction and I think Gordon probably is the teacher of last resort. Point and Figure on the other hand may be laughed at and I'm certain that it is amusing at first blush. I do not use it for entries nor exits myself. I glance at it for stops and trend. It predates Andrew, Elliot and even Charles Dow for all I know. Even fellows who were once Market Makers on the Floor who now trade out of their cellars with enough computer equipment to choke a whale glance at PnF now and then I notice. To each their own , anyway. The Franc may look long on a bounce, I do not know because I determine Currency plays in the morning. I suspect it may be a reaction bounce. If so, I would prefer to trade it Short off the bounce. SP, ND, I'll trade them on reaction moves but not Currency. The Canadian $ looks like it is setting up for a false breakout. The play may be to sell the daylights out of that thing tamarrah. The Franc was hammered enough today that it would take quite a rebound for me to have interest. Definitely set up the thread, this is no place to discuss currency plays.