CHARTS_PITCH_FORKS

[jxyzobrien]

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.