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Hi Peter -
In answer to your question, the drawing of the pitchfork is
fundamentally prescriptive but the choice of the 3 key pivots is
judgemental. It is possible that selecting a different set of pivots
would result in closer alignment with your hand drawn lines.
Ned
PJLaird@xxxxxxx wrote:
>
> In a message dated 7/9/99 5:58:58 AM Eastern Daylight Time, cnedgo@xxxxxxxxx
> writes:
>
> << Although this is new territory for the SnP, I'm showing some strong
> lines of resistance at this level. Chart and rationale at web site.
>
> Ned Markson
> http://www.erols.com/cnedgo
> >>
>
> Ned,
>
> Hey the graph at your web site looks very similar to the graph at my web
> site. Great minds obviously :-)
>
> My trend/channel lines are angled somewhat differently and seem to catch the
> exact 7/6 high as resistance. My graph is semi-log scaled. Don't know if that
> might make a bit of a difference, and I put mine on by hand. Not sure if the
> pritch fork thing is a canned indicator or not for you. Can you alter the
> angle of that indicator with the software you use?
>
> Peter
>
> http://www4.golden.net/laird/Comment.htm
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