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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (15400)	2/19/2023 10:11:16 PM
From: nicewatch	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 27124

Fwiw, I've always thought of the Schiff as a half-slope of the traditional fork or median line which is based on the geometric principle of bisection. Although the half-slope explanation may or may not be technically correct. Going back to your COMPQ fork, where exactly is the starting point, sometime in 1980? The points don't seem properly anchored but if stockcharts doesn't have magnetized pivots that would explain it if drawing loosely. Also, imo, if going by original Andrews rules, yours isn't a traditional fork but I wouldn't disqualify it insofar as it appears to plot on significant pivots even though the 2009 low was higher than the 2002 low by more than a few %. It can get trickier and more judgmental if lows are within a percent or two, and then considering close only prices versus OHLC, etc. It's good that you used a log chart for such a long time scale and especially for the Nasdaq! But it still plots wide so this is a back burner fork and not one to even think about day to day. Where/when is is your starting pivot on your COMPQ fork, I know the other two pivots and will see how it looks on mine and post. fwiw. p.s. It was before my time but Andrews himself in his later years had a correspondence course and would encourage people to experiment with new ideas and see what stuck. I believe the Schiff modified fork came out of that but don't quote me. Have copies of those old letters but they're barely legible due to old printing and old xeroxing, haha. Learned more talking to people still around that took his course. There's one decent book I've seen on the subject in the past 20 years and it presumes the reader knows the basics and shows advanced techniques for how trade around fork failures and reversals, etc.