BT's Classroom

[blacktruck]

Notice the SPX everyone.....this is a hagopian situation....here are pitchfork rules..

1. Prices will reach the latest ML
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.

The hagopian situation is rule #4...look at the charts in message # 8170 on the timing board....they are displaying the rule quite effectively this morning..