Saturday, February 18, 2006

For Bear -- your daily chart with Andrew's Pitchfork?

I've overcome my initial culture shock reading your charts -- a combination of your own advice (eat your honey! :) .... ) and a stiff dose of strong Sake .....

Interesting indicator -- I've seen it used by one of the pros @ Elliottwave International with reference to the Nikkei's bear market.

Metastock's help file gives me the basics of how to draw it, but some questions definitely come up w.r.t usage:

When and under what circumstances would you bring out this weapon?

On your daily chart of EurUsd, there appears to be a likely location for point B, i.e. the 3rd point of the pitchfork.

Would appreciate some usage hints -- some tips/tricks etc.

Much obliged

Joseph

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