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To: MechanicalMethod who wrote (1201)	10/22/1998 3:55:00 PM
From: Linda Kaplan	Respond to of 1267

There's someone I know on SI, a physician, nice guy, who uses Gann as part of his TA. I'll ask him to take a look at your notes sometime. --Linda

To: MechanicalMethod who wrote (1201)	10/22/1998 7:33:00 PM
From: CatLady	Read Replies (1) \| Respond to of 1267

Osci - I only recently discovered this thread, the ongoing spat attracted some notoriety on a different thread. I applaud your efforts to return to the topic of charts and TA. Since pitchforks were mentioned in your note , I was wondering if you or anyone could enlighten me as to the "correct" construction of a pitchfork. TIA. To everyone else, I know I'm a newcomer here, but even so, I think I am justified in asking all of you to keep your posts on the topic of this thread, which I understand to include TA and charting. I wouldn't want to feel I needed to complain to the SI Admin about off-topic posts. BTW, if anyone feels compelled to comment on this post, please do so via PM.

To: MechanicalMethod who wrote (1201)	10/22/1998 9:07:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 1267

Speed Resistance Lines, also called 1/3 - 2/3 lines, are a series of trendlines that divide a price move into three equal sections. They are similar in construction and interpretation to Fibonacci Fan Lines. Speed Resistance Lines are used to define price support levels. For example, if a security is in a rising trend, its price will usually stay above the 2/3 Speed Line. If prices do penetrate the 2/3 line, they will generally fall all the way to the 1/3 line before regaining support. just a means of S/R, The pitch fork is gets more complicated. you have to identify 3 pivot points then draw a line from the firat point so it bisects the 2to3 line you then draw parallel lines from points 2 and three, parallel to mid line. Both are sometimes uncanny with their relationship to price movement. But like bear flags, H&S and other patterns, they are good for trading, a confirmer but not a decision factor. Gann and fibonacci would be a better place to spend your time. Reading, studying, and applying TA is a long path no matter which one you take. Speed lines and pitchforks are in a number of charting programs and written up in many books and articles. Which program do you use? Instant experts will jump up after reading one book. If it was easy everyone could do it. Don't fall into the Edwards/McGee hole, you will begin to see a triangles, flags, and H&S on every street corner.