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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5415)	2/26/2005 4:53:44 PM
From: Vendit™	Respond to of 8752

How about this: LR channels show how the market was acting over the set of data. past tense. Say, for instance, 128 days on a daily bar chart. You may to wish that these lines project probable market action looking forward. However each new bar that you add to the chart changes the channel itself. Its width and degree of slope change with each change of data. The fork does not change. When the third point is selected, the slope and width of channel becomes fixed. I can look at it and say "This fork shows a up trend" or "down trend." It is expected that the fork will fail sometime in the future. Until it does, market action takes place within that channel defined by the fork. The fork projects forward until it fails. Gersh L/R Channels also show the future trend. When you say that a fork fails, I would call that a break-out or a break-down bear market when using L/R channels. L/R lines are straight and true. All technical analysis tools that I am aware of use stock history to project the future. Forks seem to do the same thing. I truly think that you and I are using the same animal with different spots. Both of the tools we are using are nothing more or less then hybrid trend lines which form trading channels that pin point emotional points of support and resistance. Once again, feel free to post charts and projections on this thread whenever you wish. Everyone will find it useful. Is your fork tool part of your trading platform? Reid