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Re: Andrew' Pitchfork

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<DIV><FONT size=2>Adam:</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>My preference is for one of the built in regression channels 
(Raff, std error, and std dev) modified to suit&nbsp;my preferences.&nbsp; As 
you noticed, the Andrew's Pitchfork is a bit subjective. The regression channels 
are a bit less subjective.&nbsp; But, considering your example where there is 
limited information, Andrew's Pitchfork may be better than the regression 
channels.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>regards</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Lionel</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  VonHef 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:metastock@xxxxxxxxxxxxx"; 
  title=metastock@xxxxxxxxxxxxx>MetaStock</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, June 14, 1999 9:23 PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Andrew' Pitchfork</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=3>&nbsp;I have come to the same conclusion as Ton 
  and others from this</FONT></DIV>
  <DIV><FONT face=Arial>list that the "Speed Resistance" lines are ok in 
  retrospect.....but</FONT></DIV>
  <DIV><FONT face=Arial>not always reliable in forecasting.&nbsp;Now I ask if 
  any of you use </FONT></DIV>
  <DIV><FONT face=Arial>"Andrew's Pitchfork" in your speculating? I have posted 
  a chart </FONT></DIV>
  <DIV><FONT face=Arial>below with an example. Is this the correct usage or 
  would you </FONT></DIV>
  <DIV><FONT face=Arial>choose different points for the pitchfork? I also would 
  comment</FONT></DIV>
  <DIV><FONT face=Arial>that the S&amp;P has made a lower peak on the 6-7-99 and 
  is dropping</FONT></DIV>
  <DIV><FONT face=Arial>to a major support level (around 1275). </FONT><FONT 
  face=Arial></FONT></DIV>
  <DIV><FONT face=Arial>Thanks in advance!</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><IMG align=baseline alt="" border=0 hspace=0 
  src="cid:004c01beb742$455b79e0$9de1490c@xxxxxx";></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><BR><FONT face=Arial size=2>&nbsp; Best 
  wishes,<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adam Hefner.<BR><A 
  href="mailto:VonHef@xxxxxxxxxxxxx";>VonHef@xxxxxxxxxxxxx</A> </FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT face=Arial 
  size=2>---------------------------------------</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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