actio-et-reactio
Balance is but a brief transition between extremes.
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Wednesday, April 10, 2002
in the midst of distraction... here's a "Modified Shiff"
I am distracted as
- the power supply to the laptop won't arrive for another 5 days (but did manage to save $60, so it is worth it) and
- Norton System Works has put a foul wrench into my desktop, which has burned countless hours of uninstall/reinstall/blah blah blah
Fortunately, we have our charts to take us to a better, more orderly world (big LOL).
I did manage to add "Modified Shiff" pitchforks to the 60m and Daily charts. These forks take their price origin at the midpoint of a significant move, with the time origin being the hi or low of that move. Call up the daily chart (use the 3rd thumbnail above) to study it. It took me a few times drawing them to see the gist of their intent, but it is a good tool for working out these complex distributions.
Whether it pans, of course, we'll see. Note that there is a tight confluence of trendlines
right here (ie, ~1360, which I discuss below).
Labels: bisects-forks-medianlines
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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