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To: Jurgen Trautmann who wrote (10160)8/8/2001 7:16:01 AM
From: Gersh Avery  Respond to of 11051
 
Three data points define the fork.

An obvious low, and high are selected. A line between the two is bisected. That halfway mark is the spot that the center tine will pass through. Then the third data point is selected. This dividing of the base into equal parts is a rule in the drawing of forks.

If the fork is to be ascending, then the center point will be a low. If down trending then the center starting point will be a high.

I like to draw my forks so that each new fork takes advantage of two of the last three data points. These data points had been tested by the former fork and are, therefor, strong starting places to begin. This is not a rule, but it is how I like to draw them. Many times this method can not be used and other points have to be selected.

As Berney said before, it takes three data points to define a trend. With the fork, since I use three data points to start, I can project where that trend line should form before it even exists. This is only a probability thing and not a crystal ball.

Not stupid questions at all ..