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

To: SE who wrote (8631)	11/15/1998 10:37:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

SE, didn't get to "Fork-around" this weekend like I had hoped. I might get to that list I posted here tonight...but most likely will attempt tomorrow. We'll have to see how things pan out over the next few hours...I am dead dog tired. Edit...don't have all the data updated...looks like tomorrow.

To: SE who wrote (8631)	11/16/1998 6:59:00 AM
From: GROUND ZERO™	Respond to of 44573

Scott, I think the best way to grasp the fork concept is to look at some of the charts that Fred is posting, then we can talk about what you're looking at. I find it nearly impossible to make sense out of without an actual chart. I'm not sure of the point you mentioned. The center tine is where all the real action would be. You're right, the center tine attracts prices, then when touched it repels prices (the typical recovery rally of a significant low, or exhaustion buying at the top). The highs and lows are identified when the rally or sell off is completed as indicated by a turn around in prices over several days or more. If prices resume the trend, then so what, just wait for the turn around. The fork doesn't find the beginning of a trend, just the end of one. This might sound conflicting, but there's a subtle difference. GZ