pitchforks

[slavduja]

konviction

How do you select your pivots for the pitchfork??
The pivots are the most important part.
Also wanted to get your opinion on the file attached.

 

[konviction]

Wheres the file? . This video might explain it better than myself. http://www.youtube.com/watch?v=fRdNPYwxnVI .

 

[konviction]

Some nice AR lines on BRCM weekly. No trade yet though.

 

[konviction]

Quote from konviction:

What will happen on RSH?. Got two forks, but the bearish one is not only the longest fork, but also the one thats "in play" as it has two touches on its upper fork line, but looks like pressure could build up in this "energy coil" if a direction is not found.

Looks like my analysis on RSH is proving correct...lets see if this will be another short trade.

 

[hopeful]

Quote from konviction:

chart?

Adding charty.

 

[konviction]

^ ok now take all that stuff off except for the forks, and it will make more sense..or at least look better .

 

[hopeful]

Quote from konviction:

^ ok now take all that stuff off except for the forks, and it will make more sense..or at least look better .

Done

 

[konviction]

just got long BA, with stops at mothly swing low at 58.86.

 

[slavduja]

http://www.2shared.com/document/Xyshyicg/Fisher-testing_the_pitchfork_s.html

missing file

 

[hopeful]

Quote from hopeful:Done

Those pitchfork lines are holding the price down, and there is a very clear divergence between stochastics and price. Down we go, but the PPT will save the day!