KirkLindstrom.com
- Articles
- 2013 - Dow Resistance and Support Levels - Andrew's Pitchfork
|
Dow Resistance and Support Levels Resistance and Support levels for the DOW - Linear Scale |
 |
| Return
to
KirkLindstrom.com
home page Quotes and Charts for Gold & GLD (the ETF for Gold) |
|
|
|
May 7, 2013:
The Andrew's Pitchfork is a technical indicator that uses three
parallel trendlines to identify possible levels of support and
resistance. The trendlines are created by placing three points at the
end of identified trends. This is usually achieved by placing the points
in three consecutive peaks or troughs. Once the points have been
placed, a straight line is drawn from the first point that intersects
the midpoint of the other two. It is also known as "median line studies." My charts below are not "classical" interpretations of Andrew's Pitchfork but my endpoints capture several tops and bottoms for the current up channel.
|
|
|
|
 |
|
 |
KirkLindstrom.com Home of "CORE & Explore®" investing. |
Blog |
|||
FREE=> Investment
Letter
SAMPLE <==
FREE
Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2013 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |
|||||
