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To: Doo who wrote (4994)1/31/2005 12:15:31 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Jeff... I would be pleased to share my pitchfork studies with you.

8 years of using them have proven to me their effectiveness.

IMO... there is NO subjectivity to forks...
They are purely objective and concrete in their placement...
They help frame the movement of price.

That's a 60 m chart and the movement in both price and time have extended enough to make that shoulder fork valid, and then confirmed by the median line action.

Intuitive subjectivity does play some role, but only in the interpretation of the movement away from median lines, etc... not in the forks placement...

"Luck" is a lot more important... <smile>

stockcharts.com[h,a]eaoaynay[da][pf][j25916512,y]&listNum=14