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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (4103)	3/24/2001 12:45:56 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 4583

Nice to know somebody made money off of it .. I funded an account that was waiting for one last piece of paperwork .. seems it has been lost for about two weeks now .. spotting forks .. every fork will die. The trick is to see where the new one will come from. I try to locate one of each .. one uptrending the other down. One of these will die off leaving the other to run it's race. After the death of one of the forks I start looking for where the next will form. I try to use two of the existing fork points in the formation of the next one. This normally results in a pattern of every other fork being up or down trending. But not this time. The decline produced points that resulted in another descending fork that has a rate of decline less than the current one. I'm thinking that the upper tine of this new fork may be the short entry point for the next go 'round .. Hard to say .. need to see how the market acts around the old mid tine.