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To: Chip McVickar who wrote (4771)1/7/2005 2:55:46 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 12411
 
<NO.... it (red fork)... IS a viable fork to trade....!!!>

easy there, I NEVER SAID IS WASN'T A VIABLE FORK, just said I wouldn't trade it and looks like a modified schiff from the previous low...

your yellow megaphone lines would be a expanding triangle which is a continuation pattern from what I understand...

I don't know why you continue to dismiss the modified schiff fork with so much vigor... I will post a bunch of modified schiff forks to show you how I use and see them. Now the inside fork is another story, I don't use them either but I know a trader that does and is successful, they are generally too steep for my trading...

I'm not going to get bullish unless the red downsloping fork's midtine is taken out and back tested...

ttrader.com