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http://www.marketmasters.com.au/74.0.html

 

 

The following is a Market Analyst chart of the Dow Jones futures contract.

If we examine the two upward-sloping pitchforks, each has a pivot point low labelled ‘A’, a pivot point high, labelled ‘B’, and higher low point (than ‘A’) labelled ‘C’. To construct an Andrews Pitchfork, we do the following:

  1. Find the mid point of Line B-C.
  2. Draw a straight line from point ‘A’ to the mid point of Line B-C.
  3. Draw lines from Point B and from Point C parallel to the median line that runs from Point A through the mid-point of Line B-C.
  4. Draw additional lines parallel to these at equal spacing (as has been done here) or from pivot points.

Remember: The computer was given the points ‘A’, ‘B’ and ‘C’. It did not know what market action to expect after Point C was in place. Despite this, the pitchfork lines gave an excellent indication of the market action in advance, according to Dr. Andrews’ rules.

Use of the Andrews Pitchfork

In essence, there are two uses of the Andrew’s Pitchfork. The pitchfork can be used to forecast market turning points, and it can be used as a channelling tool for support and resistance purposes.

Dr. Alan Andrews states in his course that there is a high probability that:

  1. Prices will reach the latest ML [Median Line];
  2. Prices will either reverse on meeting the ML or gap through it;
  3. When prices pass through the ML they will pull back to it;
  4. When prices reverse before reaching the ML, leaving a ‘space’, they will move more in the opposite direction than when prices were rising toward the ML.
  5. Prices reverse at any ML or extension of a prior ML.

(Andrews, A. H., Action-Reaction Course.)

In a sense, the Andrew’s Pitchfork appears to put the market on train tracks. This gives the trader an excellent indication of where the market is likely to be heading, and an indication of its strength.

Members of the Society of Technical Analysts of New Zealand (STANZ) may recall me discussing the market action of the All Ordinaries Index on an Andrew’s Pitchfork at a presentation I gave in October 2000. When I returned to address STANZ members again in August 2001, the market was still holding the same pitchfork lines some 10 months later!

 

Conclusion

There are many excellent technical analysis and trading tools that one can use. The Andrews Pitchfork is one of the best-kept secrets. Many people give it a cursory glance and dismiss it as being too simplistic. Sadly, by not giving it a thorough trial, they fail to realise just how well the market respects the pitchfork lines, and how valuable this can be in trading.

[This article was reprinted with permission from the Australian Technical Analysts Association Journal, July/August, 2002.]

DISCLAIMER:

Every effort has been made to ensure that the content and conclusions presented in MasterStroke are complete and accurate.

No part of MasterStroke contains trading advice - stated or implied, nor is an invitation to trade. The directors and associates of Market Masters Pty Ltd are NOT licensed trading or investment advisors. Market Masters Pty Ltd is an organization designed to assist traders and investors to become more knowledgeable and independent.

The giving of advice is therefore contrary to the very objectives of Market Masters Pty Ltd.

Traders requiring trading or investment advice should contact a licensed advisor. Stockbrokers and futures brokers are licensed advisors.

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Traders, to be successful, must take full responsibility for their own actions.

With respect to trading results, past performance is not necessarily an indication of future performance.

By maintaining your subscription to MasterStroke, you acknowledge that you understand and accept the contents of this disclaimer.


 

 

 

A common place for Moderators of boards to exchange information and ideas. Links to all boards of active posting Mods will be included. If your Board is listed, the only request is to add a link to The Pivot point Lounge from your board that is easily accesible for posters...

MBOT

 

Bottom Play with Forward split stocks only

Calcitech ( A Green Dream )

Carbon Credit Stocks.pk  ( A Play in 2010 and Beyond ? )

Cisco's Stock Family (Cisco's board just go there...MBOT)

Classifieds (You got skills? click here)
So Anyone looking fer a Name or Company can be found here;
http://www.zoominfo.com/

F.D.A LINK; THIS IS AN IMPORTANT ONE.
http://www.clinicaltrials.gov
 

MONTHLY VOLUME REPORT;
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=grww&SortBy=volume&Month=2-1-2010&IMAGE1.x=14&IMAGE1.y=5y 

Off the Radar

Off the Radar.pk 

Off the Radar.bb

Off the Radar.Nasdaq

Off the Radar.Amex

Off the Radar.ob

Off the Radar.NYSE

Peeps   ( Hmmm ! )

Penny Stock Tips (Compilation)

Slap the Ask  (.0001 to $100, Slapperz only! )

$tocks and $hots

The Stock Lot (Stocks and good times)

Traders of the Caribbean

Found these....



 

COLOR BLIND.
[-chart]stockcharts.com/c-sc/sc?s=bhwf&p=D&yr=0&mn=3&dy=15&i=p47868087965&a=173461334&r=537[-/chart]


20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.
[-chart]stockcharts.com/c-sc/sc?s=bhwf&p=D&yr=0&mn=5&dy=0&i=p45212469049&r=6823[-/chart]

hippy dippy chart
[-chart]stockcharts.com/c-sc/sc?chart=cbai,uu[w,a]dhcly[da][pb2][j20444984,y]&r=3555[-/chart]  

RIGATONI --- rigs;one year, 50ma-200ma,RSI,MACD, VOLUME. 
[-chart]stockcharts.com/c-sc/sc?s=idcn&p=D&yr=0&mn=12&dy=0&i=p01265665394&r=5025[-/chart]

cha-ching --- CC,  6-mos---cci[20]ema[7],cci[70]-ema[20]50ma-150ema-200ma, volume, william %
[-chart]stockcharts.com/c-sc/sc?s=tytn&p=D&yr=0&mn=6&dy=0&i=p53376685481&a=171265373&r=225[-/chart]

5week MA---10week MA---20week MA
[-chart]stockcharts.com/c-sc/sc?s=AMHI&p=W&yr=2&mn=0&dy=0&i=p48043852022&a=148869965&r=3047[-/chart]
10week MA----20week MA
[-chart]stockcharts.com/c-sc/sc?s=amhi&p=W&yr=1&mn=0&dy=0&i=p76833891969&[-/chart]

2ma-5ma-50ma-200ma-bb with several trendlines. ----kens charting.
[-chart]stockcharts.com/c-sc/sc?chart=popn,uu[w,a]dhclyiay[db][pb2!b5!b50!b200!d20,2][iut!uo8!ub5!ua5,15,10!uv8!lk9!ll5!lc15!up5,5][j20444984,y]&r=3555[-/chart]
http://www.investopedia.com/terms/h/hammer.asp --- Explanation Formations.

IVAN - Point and Figure with 360-520 size
[-chart]stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=ivan,pstgdanrbo[pa][d][f1!2!!!2!20]&pnf=y[-/chart]
[-chart]stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=ivan,plamdanrbr[pe20,2!a][d][f1!2!1.0!!2!20]&pnf=y[-/chart] 

 

PostSubject
#98  Sticky Note http://www.businesswire.com/portal/site/home/news/ MadeBucksOnThis 12/23/09 11:40:52 AM
#97  Sticky Note http://www.prnewswire.com/news-releases/news-releases-list/ MadeBucksOnThis 12/23/09 11:36:32 AM
#1737   JAZZ.... cup and saucer... testing numbers :-) Lotto123 02/10/11 11:12:52 PM
#1736   ok IBOX back... MadeBucksOnThis 12/30/10 08:31:10 PM
#1735   so I guess I picked it out of MadeBucksOnThis 12/18/10 12:44:48 PM
#1734   actually your pick goes back to this area---pivx...so mick 12/18/10 12:39:34 PM
#1733   RVLU MadeBucksOnThis 12/05/10 12:48:14 PM
#1732   ok my friend.... MadeBucksOnThis 11/24/10 09:40:46 AM
#1731   Heading there now MBT<Good call, and lead the BullsEye 11/24/10 09:39:19 AM
#1730   hey bro, did you get my new board MadeBucksOnThis 11/24/10 02:18:38 AM
#1729   Awsome MBT> I see it has major vol BullsEye 11/12/10 10:17:04 AM
#1728   cool, I'll look thru them tonight, hey if MadeBucksOnThis 11/12/10 10:02:49 AM
#1727   The 50 Best Inventions of 2010 BullsEye 11/12/10 09:59:31 AM
#1726   its getting better on my end... MadeBucksOnThis 11/11/10 12:02:30 PM
#1725   Red Markets, and slowwwww Ihub>>>Weeeeeeeeeeeeeeeeeeeee BullsEye 11/11/10 12:00:52 PM
#1724   true, talk a little later IMO MadeBucksOnThis 11/11/10 10:21:59 AM
#1723   definately, but noticed the drag here today also BullsEye 11/11/10 10:20:17 AM
#1722   we gotta talk, but IHUB is messed up MadeBucksOnThis 11/11/10 10:09:07 AM
#1721   Santa Monica>>Just down the way>Borne in the Bu BullsEye 11/11/10 10:06:48 AM
#1720   sounds great, where r u ? MadeBucksOnThis 11/11/10 10:04:44 AM
#1719   Gmmmm MBOT> Stolked to meet a local trader! BullsEye 11/11/10 09:57:04 AM
#1718   LOL, that happens often when I'm there... MadeBucksOnThis 11/10/10 04:51:40 PM
#1717   Right, have had many a great time down BullsEye 11/10/10 04:23:38 PM
#1716   welcome....and enjoy, MadeBucksOnThis 11/10/10 10:35:14 AM
#1715   Manhattan beach ca. MadeBucksOnThis 11/10/10 10:34:32 AM
#1714   Yooo MB> I swear the pic in your BullsEye 11/10/10 10:32:24 AM
#1713   whats happening Piviot Point Lounge> Lots of friendly BullsEye 11/10/10 10:30:51 AM
#1712   Every single firgin' time.... LOLZZZZ Lotto123 11/04/10 08:05:50 PM
#1711   I guess a partial victory is better than MadeBucksOnThis 11/04/10 11:56:47 AM
#1710   Looks like it wants to test 1 yr. Lotto123 11/04/10 11:54:41 AM
#1709   Should get better daily and swing the way Lotto123 11/04/10 11:52:14 AM
#1708   here is one for ya... MadeBucksOnThis 11/04/10 11:41:26 AM
#1707   so a... next week should be back to normal? MadeBucksOnThis 11/04/10 11:40:40 AM
#1706   LOL....elections are never done....recalls, lawyers, blah, blah, blah....always Lotto123 11/04/10 11:39:02 AM
#1705   hmm? I thought now they are done, it MadeBucksOnThis 11/04/10 10:45:34 AM
#1704   No, just the elections....always caution around it.... Lotto123 11/04/10 10:43:36 AM
#1703   thanks lotto, I found it along the way MadeBucksOnThis 11/04/10 10:42:37 AM
#1702   Good post MBOT... Never put your real money Lotto123 11/04/10 10:37:33 AM
#1701   saw this IBOX here MadeBucksOnThis 08/19/10 12:55:22 AM
#1700   just a read, marketwatch MadeBucksOnThis 08/19/10 12:04:38 AM
#1699   MMTE set to goooooooooooooooo!!!!!! MadeBucksOnThis 07/31/10 08:52:46 PM
#1698   hmmm?, not showing anything now... MadeBucksOnThis 07/30/10 10:23:15 PM
#1697   dunno, ain't got to em yet... MadeBucksOnThis 07/30/10 06:59:08 PM
#1696   good reads though. mick 07/30/10 06:56:04 PM
#1695   not fair, you read them first... MadeBucksOnThis 07/30/10 05:43:39 PM
#1694   way over my head mick...dunno? MadeBucksOnThis 07/30/10 05:42:43 PM
#1693   GOOD READS. mick 07/30/10 05:40:59 PM
#1692   O.K. I AM A DUMMY. I'M IN TRANSISTION. mick 07/30/10 05:40:33 PM
#1691   Good point, have to look at these below... MadeBucksOnThis 07/30/10 05:38:25 PM
#1690   dunno? MadeBucksOnThis 07/30/10 05:35:44 PM
#1689   thank you fer work on lithium stuff. mick 07/30/10 02:58:22 PM
#1688   did cytl a/s change any? mick 07/30/10 02:57:35 PM
PostSubject