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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Art M who wrote (4512)	12/31/1997 2:37:00 PM
From: GROUND ZERO™	Respond to of 42787

Hi Art, Good questions, let me get back to you when I have more time, just checking messages now. Thanks. Later..... GZ

To: Art M who wrote (4512)	12/31/1997 5:14:00 PM
From: GROUND ZERO™	Respond to of 42787

Hi Art, 1) Prices are attracted to the center line. Once they get there, prices are likely to correct away from it. If the price returns to the line or does not correct away from it, the market will continue in the direction of the line in one of two ways, a) the price could follow that center line along, or b) the price will accelerate and move to the next parallel line. 2) These lines do not represent resistance and support in the way you think. They act as a magnet and generally reverse poles when prices reach them. When prices reach the center line, the price is repelled away as in tops or bottoms. This is the key to picking tops and bottoms so accurately and so consistently. 3) I never use intersecting forks. 4) Volume is irrelevant with the pitchfork. 5) The pitchfork works as well generally with stocks. 6) Just plain graph paper will do the job. 7) I asked Jerry that same question, why he would give up 5M a session, and he told me that he thinks it's time for him to start making some bad movies on the big screen. All the best for the New Year. GZ