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Strategies & Market Trends : The Home Run -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (228)6/23/2006 4:08:46 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 525
 
I just tried a fork from the high on the 16th to the Low on the 19th to the high on the 21st.

Left the Shiff fork in that you have on your chart.

They appear to be converging on the 27th at about 9:30 EST, using 60 Minute Day Session only, around 586

I've read that one can pinpoint timing using pitchforks. Wish I knew how.

Anyway, I don't know if it's "correct" to use All Sessions. Weren't they developed to chart stocks, which would not have evening sessions?

Hate to throw in another piece of confusion. The Fib stuff is easy to get a handle on, but the forks have a knack of being somewhat arbitrary from time to time.