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Well, that's a good question, but one I can't answer in a paragraph or two.
Go to my website:
www.medianline.com
and look at some of the charts and commentary, from today and also from
past articles, etc. I am speaking about Median lines YOU pick, not the
software Clyde wrote, which serves a different function in my opinion.
You have to get your hands dirty a bit and learn that picking the pivots
for the 'pitchforks' takes some skill and practice. The acid test is that
the lines you've drawn have to be 'respected' by price, meaning price tests
them and responds accordingly. IF you have chosen well, price will make
turns most of the time where you expect it. And if price does violate a
line that has been respected in the past, that move takes on more
significance--because it is showing more power than normal.
I'm currently re-writing my basics guide and that will help some. There
isn't a good deal written about using median lines, but they can be very
powerful.
I don't know if this answer helped, but if it spawned more question, fire away.
Tim Morge
At 03:07 PM 2/27/01 -0500, you wrote:
>How do you tell when prices will stop and reverse
>at the midline and when they will break thru and stop at the margin of
>the pitchfork.
>
>
>
>On Tue, 27 Feb 2001 13:56:42 -0600, you wrote:
>
> >>And here is a set of charts on a few other things.
> >>
> >>The GREEN fork (the last one) is typically a FORCED fork. That is to say
> >>the last pivot has not really formed. But if one should form at the most
> >>recent high or low then this is what it should look like.
> >>
> >>The MAGENTA fork is guaranteed to be a NON forced fork and my
> >>represent the true path which prices will follow.
> >>
> >>The RED fork is the fork prior to the MAGENTA fork and gives a bit
> >>of historical look.
> >>
> >>All pivots are computer picked. In this case the length specified for
> >>the Swing_Lee function which identifies pivots was 13. That is the
> >>indicator looked back 13 bars for the highest high and lowest low and
> >>when the distance to one became shorter than the other then a pivot
> >>was called.
> >>
> >>The attached contains DAILY charts of CL, JY, US, and FV .
> >>
> >>Have fun.
> >>
> >>Clyde
> >>
> >>
> >>
> >>
> >>At 12:58 2/27/01 -0600, you wrote:
> >>>At 01:52 PM 2/27/01 -0500, you wrote:
> >>>Afternoon, folks.
> >>>
> >>>Since Bill and I were posting charts, I thought I'd post a mid-day s&p and
> >>>nasdaq 100 futures chart...
> >>>
> >>>Been a fun day trad9ing against resistances so far today.
> >>>
> >>>Tim Morge
> >>>
> >>>www.medianline.com
> >>>Yahoo! Groups Sponsor
> >>><http://rd.yahoo.com/M=163100.1330039.2920210.2/D=egroupmail/S=17000017
> 79:N/A=524804/*http://www.classmates.com/index.tf?s=2629>
> >>>Click here for Classmates.com
> >>>
> >>>To unsubscribe from this group, send an email to:
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> >>>
> >>>
> >>>
> >>>Your use of Yahoo! Groups is subject to the
> >>><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> >>
> >>Clyde Lee 7910 Westglen
> >>SYTECH Corporation Suite 105
> >>Chairman/CEO Houston, TX 77063
> >>Home of The Swing Machine/Swing Trader
> >>www.theswingmachine.com
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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