Replies to post #438 on BT''s Classroom (SPX FORKS)

[CopperDollar]

Smurf, with the lower highs since November... you might want to draw a down fork from the upper left corner to be prepared if it drops through the current fork. I've been keeping 2 and sometimes 3 different forks on my charts until the price determines which ones are relevant, then I remove those that aren't working.
The bottom of the current fork has obviously held so far and it could bounce from the bottom of this fork again but it doesn't hurt to be prepared.

[blacktruck]

Smurf ......You would do better if you look at learning the second step to this thing....try to confine your fork anchors and corners to three pivots that represent either high-low-high

or low- high -low on a chart..if you do this you might better grasp the flow of the chart...