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Good evening. I don't know your name and you didn't sign it, so I can only
say "good evening."
The red line is a Modified Schiff Median Line, which is a specific type of
Median Line researched and presented for verification to Dr. Andrews by
Jerome Schiff, a New York floor trader. You can see the original documents
he presented, showing how he used it, at the secure [but free] members-only
area at
http://www.action-reaction.com
Which is a secure area where we allow members to view all sorts of original
materials from the 1900-1980 time frame regarding Andrews, Babson and Marechal.
This particular red line was chose by a software program, Autoforks, once I
gave it a minimum set of values and told it to xhow me the likely
candidates for dominant pitchforks for that day. To clarify the issue, I
have attached a chart with that exact pitchfork, still in red, as well as
the "traditional pitchfork," drawn in blue, which uses the pivots the red
Schiff Median Line is drawn from. Then the A pivot of the pitchfork is
"shifted" forward and over [up or down] by 50 percent, so often, the
beginning or A pivot seems to hang in space.
I hope this answered your question. If not, just ask another one and I'll
try to be more informative.
Best,
Tim Morge
http://www.medianline.com
At 09:06 AM 10/23/2005, you wrote:
>Timothy,
>
>Went to your web site. Looks like a nice trade. I didn't follow this in
>real time so forgive
>me if the question is off base, but the 8 point trade looks like its based
>largely on the red
>fork. I'm trying to duplicate that red fork. I always though forks were
>drawn from significant
>highs/lows for all three points.
>
>The only way I can duplicate your red fork is to use a low at 10:45 on 10/14
>for the handle.
>Visually there doesn't seem to be any significant point there.
>How did you determine the points for the red fork?
>
>
>
>
>----- Original Message -----
>From: "Timothy Morge" <timothymorge@xxxxxxxxxxxxx>
>To: <actionReactionLab@xxxxxxxxxxxxxxxxx>
>Cc: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Saturday, October 22, 2005 5:25 PM
>Subject: [RT] Web Page Updated
>
>
> > Good afternoon.
> >
> > The web page at:
> >
> > <http://www.medianline.com>http://www.medianline.com
> >
> > has been updated with fresh charts and commentary. The green Major Median
> > Line is STILL in play and in charge, so it will be appearing on Monday's
> > pre-opening charts...This set of lines has been "golden" for more than the
> > past ten trading days.
> >
> > The multimedia free room will be open Monday morning, as soon as I get
>into
> > the trading room to begin marking up pre-opening charts [between 6:30 am
> > and 7 am CST]. There's no telling what you'll see me draw and mark. Anyone
> > is welcome. The web address and login instructions are on the Median Line
> > web page. If you have difficulties, you can email me at:
> >
> > tmorge@xxxxxxxxxxxxxxxx
> >
> > I won't be talking until after the markets have opened...but you are free
> > to watch how I prepare charts for the pre-opening session meetings.
> >
> > I wish you all a long and happy weekend.
> >
> > Best,
> >
> > Tim Morge
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
>
>
>
>----------
>YAHOO! GROUPS LINKS
>
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> *
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>
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>
>
>----------
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Attachment:
Schiff Median Line Explanation on es10210515.gif
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