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To: Chip McVickar who wrote (5044)2/2/2005 9:45:45 AM
From: Jack of All Trades  Read Replies (2) | Respond to of 12411
 
I won't disagree, but my understanding is if it describes price well then use it. We differ in alot of areas with forks. Like extensions, you don't seem to use them, but I see them work all the time. Also, Tim Morge uses them all the time.

That purple fork gave en entry at 1187.00 the exact low after breaking the mid tine, exactly the way the trade should have been played out. After busting the mid tine, wait for a retest of the tine and get long. I would be targeting the upper tine on the downward red fork for exit. That is around 1192-3, a nice 5-6pt move. Of course I'm not long it becuase I was travelnig in MA/CT yesterday. Danm day job getting in the way... :>)