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

To: Vendit™ who wrote (6246)	3/11/2005 7:25:20 AM
From: Gersh Avery	Respond to of 8752

According to "the rules" (whoever wrote them .. probably Andrew ) any breach and the fork is dead. However, in practical application, I've seen small breaches where the stock or index snaps back into the fork then the fork seems to stay intact. In this case the breach was major. And yes, the close has impact. It's just not the rule. I used to post fork charts based on close. I've also charted forks based on the average of the high and low of the day. I did those with an Excell spreadsheet.

To: Vendit™ who wrote (6246)	3/11/2005 7:33:01 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 8752

More on intraday v/s close: I've been a little wishy-washy about that fork being dead because of the close issue. I think that it's dead .. however I'm waiting to see how the market acts. Overall .. caution on the long side. For today: These factors-> dollar up + oil down = normally market up. This could well be a head fake, based on the dead fork. soooo .. perhaps a day like yesterday with a opening move up only to head south for the afternoon.