Comments on: Andrews Pitchfork Chart of the SP500 June 18 http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Andrews Pitchfork Bounce for SP500 Update | Penny Stock Trading System Blog http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-211165 Andrews Pitchfork Bounce for SP500 Update | Penny Stock Trading System Blog Fri, 06 Nov 2009 08:26:43 +0000 http://blog.afraidtotrade.com/?p=4170#comment-211165 [...] June 18th Update (a special variation using closing prices instead of spikes) [...] [...] June 18th Update (a special variation using closing prices instead of spikes) [...]

]]> By: Andrews Pitchfork Update on SP500 | Penny Stock Trading System Blog http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-210802 Andrews Pitchfork Update on SP500 | Penny Stock Trading System Blog Tue, 20 Oct 2009 21:25:29 +0000 http://blog.afraidtotrade.com/?p=4170#comment-210802 [...] 28th S&P 500 Update (showing the Fibonacci numbers for the Pitchfork which are still valid) June 18th on the S&P 500 (which show the ’standard’ Andrews Tool) May 13th S&P 500 which shows a Downward [...] [...] 28th S&P 500 Update (showing the Fibonacci numbers for the Pitchfork which are still valid) June 18th on the S&P 500 (which show the ’standard’ Andrews Tool) May 13th S&P 500 which shows a Downward [...]

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-213157 Corey Rosenbloom, CMT Sat, 20 Jun 2009 05:17:41 +0000 http://blog.afraidtotrade.com/?p=4170#comment-213157 Precisely - this would imply an even more bearish scenario, as of today's intraday high, we tested the mid-line from underneath as it could serve as resistance instead of support. Little nuances over a long time make a big difference.<br><br>When using advanced technical methods such as this, I choose to use the "truncate the spikes" method as taught by Constance Brown in her book (and teachings) "Technical Analysis for the Trading Professional."<br><br>My experience confirms her work that it's often better to 'truncate' spikes and use closing prices (or meaningful prices) which the market tends to respect better.<br><br>Perhaps it's best to use both methods - the classic and the advanced - to see the difference when there is one. Precisely – this would imply an even more bearish scenario, as of today's intraday high, we tested the mid-line from underneath as it could serve as resistance instead of support. Little nuances over a long time make a big difference.

When using advanced technical methods such as this, I choose to use the “truncate the spikes” method as taught by Constance Brown in her book (and teachings) “Technical Analysis for the Trading Professional.”

My experience confirms her work that it's often better to 'truncate' spikes and use closing prices (or meaningful prices) which the market tends to respect better.

Perhaps it's best to use both methods – the classic and the advanced – to see the difference when there is one.

]]> By: Bruce http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-213156 Bruce Sat, 20 Jun 2009 03:52:25 +0000 http://blog.afraidtotrade.com/?p=4170#comment-213156 If you anchor the pitchforks at the highs and lows intead of the body..which the purists do you get a whole different look<br><br><a href="http://tinyurl.com/neh3q7" rel="nofollow">http://tinyurl.com/neh3q7</a> If you anchor the pitchforks at the highs and lows intead of the body..which the purists do you get a whole different look

http://tinyurl.com/neh3q7

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-209642 Corey Rosenbloom, CMT Sat, 20 Jun 2009 00:17:41 +0000 http://blog.afraidtotrade.com/?p=4170#comment-209642 Precisely - this would imply an even more bearish scenario, as of today's intraday high, we tested the mid-line from underneath as it could serve as resistance instead of support. Little nuances over a long time make a big difference.<br><br>When using advanced technical methods such as this, I choose to use the "truncate the spikes" method as taught by Constance Brown in her book (and teachings) "Technical Analysis for the Trading Professional."<br><br>My experience confirms her work that it's often better to 'truncate' spikes and use closing prices (or meaningful prices) which the market tends to respect better.<br><br>Perhaps it's best to use both methods - the classic and the advanced - to see the difference when there is one. Precisely – this would imply an even more bearish scenario, as of today's intraday high, we tested the mid-line from underneath as it could serve as resistance instead of support. Little nuances over a long time make a big difference.

When using advanced technical methods such as this, I choose to use the “truncate the spikes” method as taught by Constance Brown in her book (and teachings) “Technical Analysis for the Trading Professional.”

My experience confirms her work that it's often better to 'truncate' spikes and use closing prices (or meaningful prices) which the market tends to respect better.

Perhaps it's best to use both methods – the classic and the advanced – to see the difference when there is one.

]]> By: Bruce http://blog.afraidtotrade.com/andrews-pitchfork-chart-of-the-sp500-june-18/comment-page-1/#comment-209641 Bruce Fri, 19 Jun 2009 22:52:25 +0000 http://blog.afraidtotrade.com/?p=4170#comment-209641 If you anchor the pitchforks at the highs and lows intead of the body..which the purists do you get a whole different look<br><br><a href="http://tinyurl.com/neh3q7" rel="nofollow">http://tinyurl.com/neh3q7</a> If you anchor the pitchforks at the highs and lows intead of the body..which the purists do you get a whole different look

http://tinyurl.com/neh3q7

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