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Looks like I have completed forks for awhile.
This one yellow will be added to my main board.
see
http://investorshub.advfn.com/boards/board.aspx?board_id=12981
FORK PROBABILITIES_SPX_1_TNA_1_TZA_1
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Click below to view the video: Gives % Probabilities
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http://www.medianlinestudy.com/researchexplained
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01_FORK PROBABILITIES
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02_SPX_1
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03_TNA_1
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04_TZA_1
***** Another new video
Andrews in real time SPY
http://www.medianlinestudy.com/andrewsrealtime
FORK PROBABILITIES
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Click below to view the video: Gives % Probabilities
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http://www.medianlinestudy.com/researchexplained
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FORK PROBABILITIES PART 1
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FORK PROBABILITIES PART 2
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FORK PROBABILITIES PART 3
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FORK PROBABILITIES PART 4
Thanks for posting your charts!
I use ThinkorSwim charts and only use pitchforks from time to time. It's great to take a peak at what you're seeing in your charts. :)
Great chart!
FORK PROBABILITIES
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Click below to view the video: Gives % Probabilities
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http://www.medianlinestudy.com/researchexplained
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FORK PROBABILITIES PART 1
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FORK PROBABILITIES PART 2
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PART 3 and PART 4 coming soon.
I hope you enjoyed the free course on Andrews Median Lines. I hope you had time to look through the grains research as well.
I often get asked, "Does this method really work?" I asked myself that very question. This question led me to writing the research paper on grains. Some of the data is a bit difficult to understand upon first reading, so I put together a video describing the results from the grain study and how it changed how I looked at the method.
Click below to view the video:
http://www.medianlinestudy.com/researchexplained
Keep drawing the lines,
Greg Fisher
www.median-line-study.com
You are receiving this e-mail because you either purchased information or signed up for free information on our website. If you wish to unsubscribe to these chart updates, go to the "Manage my Subscription" link at the bottom of the page.
GLENO the "chart of the day" was inflation adjusted so a little different. It looks like the one you posted shows resistance above... fwiw... funny read > http://www.ritholtz.com/blog/2012/04/fed-access-for-all/
One huge fork rule you must adhere to
First have a down fork and up fork to establish trend reversal.
Thats not the major rule. The major rule is that your fork must
encapsulate price by about 99%. Now you don't need to go crazy over this rule but you must adhere to it or the fork is invalid. Now if price goes a tad out of the fork (1-2%) dont go anal.
The function of the fork is to point out inflection points.
A rule BT always talked about:
1- I dont like to buy till the stock breaks out of the down fork into the up fork.
Lastly reading a book is 10% of what you need to know. The other 90% is finding out it works in the real world. If reading a book was all you needed to know we would all be Bill Gates or Warren Buffett. Some of the stuff i mention here is not in any book.
T ~ Check out my chart :) It turned into a nice move.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74283112
Thanks Trend1...I saw your new board the other day. I think it's great you are dedicating a board to Pitchforks and building an iBox around the subject. I've added it to my very long list.
I found this which I thought was good. Not sure if you already have it.
Hagopian's Rule
http://technical.traders.com/tradersonline/display.asp?art=5154
Should really be big then as we are below the bottom tine?? Hope so...
Treasury prices versus the Stock Market (S&P-500) . . .
notice the similarities to one-year ago . . .
The Stock Market moves inverse to the Treasury prices.
I actually use the ratio of the two as a guide.
I have drawn the Big Pitchfork against that ratio.
In the past, when the ratio has been around the lower tine,
there has been a Drop in the Stock Market of some sort soon after.
So, this would forecast a Down in the Stock Market is coming soon.
You may have to be a StockCharts.com Member to see the chart.
http://stockcharts.com/c-sc/sc?s=$USB:$SPX&p=W&yr=11&mn=0&dy=0&i=p58698183240&a=174280318&r=354
CHART BELOW . . .
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Andrews' Pitchfork StockCharts
http://stockcharts.com/school/doku.php?st=pitchforks&id=chart_school:chart_analysis:andrews_pitchfork
Interesting.
Thanks
top of fork is supposed to be 1422.38 the pivot point
Question ?
My "current" under standing is that down forks
must start at pivot points.
H = 1422.38
Yet you start the fork at a Lower High back .....
Reasons ????
SPX fork synopsis
So break thru the bottom on the top fork and we go just below
the warning line (median line of the lower fork).
Just as andrews rules say.
Then we rally and fail at the median line of the down fork.
Why did i believe we would fail there.
1- We were in wave 4 up
2- returning to the median line is a magnet
Again draw symmetrical forks up and down and double forks when
you believe the first fork will fail.
I was to early precicting the wave 4 end.
What did it do wrong. A wave 4 is up down up.
I called the first up as the end of the 4.
So 1368 seems likely. FORK below
Thanks
Advise is always welcomed.
Do not use steep forks
Forks that point straight to the sky can not be used to trade on. Instead use double forks and up and down forks. Remember the
fork should give you decent exit and entry points and encapsulate price.
Rules
1 use RSI
2 Label p5 and p0 (p5 is generally 3 peaks)
2a P0 will count in 3's (abc) or 5's 5 wae
3 Add a double fork and down fork if fork breaks down
often you will go to median line or bottom of 2nd fork
4 Use the bottom or top of the candle for median line or fork top
or bottom.
5 FORKS are only one TA method you must use as many as you have mastered
I have tried Forks in the past but have never stuck with it..So I may give it another go ...just to see how it works along with my CCI system..Hope som real fork guru shows up here and helps us out...
glen
Classic fork as in the video.
This video should give a solid background on the methods of Dr. Alan Andrews.
Please click on the link below to access the free 30-minute video course on Andrews methods of technical analysis of the markets:
VIDEO
Please click on the link below to access my 77-page research report on Andrews methods:
http://www.median-line-study.com/support-files/ml_research_ebook.pdf
Best regards,
Greg Fisher
www.medianlinestudy.com
Thanks
PS: I am just learning about pitchforks and mid lines.
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Andrews' pitchforks and the price failure rule.
http://www.futuresmag.com/2011/06/01/andrews-pitchforks-and-the-price-failure-rule?page=2
Andrews' Pitchfork StockCharts
http://stockcharts.com/school/doku.php?st=pitchforks&id=chart_school:chart_analysis:andrews_pitchfork
This video should give a solid background on the methods of Dr. Alan Andrews.
Please click on the link below to access the free 30-minute video course on Andrews methods of technical analysis of the markets:
VIDEO
Please click on the link below to access my 77-page research report on Andrews methods:
http://www.median-line-study.com/support-files/ml_research_ebook.pdf
Best regards,
Greg Fisher
www.medianlinestudy.com
Hagopian's Rule
http://technical.traders.com/tradersonline/display.asp?art=5154
Click below to view the video: Gives % Probabilities
http://www.medianlinestudy.com/researchexplained
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