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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (7760)	11/3/1998 2:52:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I wish I had been watching instead of thinking; I might have decided to buy down in that 14, 15 range. I think what I shall do on this Pitchfork thing is draw up a Spreadsheet. It should not be any great shakes to extend the Tines of the fork without using a picture. As each day goes past, the points where the Tines should be would be calculated on the spreadsheet. After all, we are looking for S and R points anyway and the Tines repel or else accelerate the market's motion in theory. So if you knew a Tine was in place at 1120 on the SPX tomorrow you expect either a sudden push away from that level or an acceleration through it, if I understand GZ correctly.

To: Nemer who wrote (7760)	11/3/1998 3:52:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Ran the Pitchfork out on a spreadsheet, to some extent. The Main Tine, for example, drops 0.283 SPX points per Trading day. Therefore, knowing where the Tine is at any given day tells you roughly where it shall be for the next month, as in 20 days it will only decline less than 6 points. Because the other two are parallel, they too should only drop that much. So the number does not change quickly enough on a daily basis to make a spreadsheet on it worthwhile, it appears. Glad I got that out of my system. Who wants to talk about Murrey Math Lines?