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Let's say you do not believe the price action to which you refer resulted in an FTT on the ES. Certainly you do see an FTT on the YM at the same time (See attached). Since the YM leads the ES, and you have a signal for change on the YM, we follow the market signal and expect price to head higher...

Today's YM Chart - Spydertrader

A great day to 'see' the market. - Spydertrader

Since the market has closed, now you'd email the guy the Benjamin? :D :D - Spydertrader

Price did touch the right trend line - back at Point Three. Price then hit the left trend line, started to retrace, then resumed its downward movement. Here, Price failed to reach the left trend line. You appear to be operating under the mistaken belief that price needs to go all the way back to...

Right. You use Guassian peaks to alert you to a short trade, which you then post as 'where the market is headed' but really, you don't use it as it is too dangerous. Again, thanks for the hilarity (clarity?). If I didn't know better, I'd say I just busted Jack's most vocal detractor using...

You know. I've said this many times. I think you really do find merit in Jack's work, but have tried like hell to keep others from finding the same merit you have. :D Thanks for providing proof for a long held belief. - Spydertrader

I see. Price went two full points higher on the ES from his chart position, but you weren't wrong with your 'market headed lower' call. Thanks for clearing that up. - Spydertrader

You gonna' email him the benjamin now? - Spydertrader

Retrace - decreasing black volume in a down channel. Note the YM volume right now. :D - Spydertrader

While nice that Price Hit the Blue trendline and bounced, had I drawn in my up trend lines using a different day (slightly longer term channel), Price would have just missed the line. In other words, because (prior to today) we had increasing red volume, the dominant trend was down. As such, we...

First, you need to understand your context. Already you have Price sitting at or near the right trendline (of the up trend). What other trends have dominated Price up to this point? Were we in a downtrend? Did Price move along laterally? Is Price close to breaking the right side trend line of...

OMRI formed an FTT on Friday. FTT's mark a change in sentiment. Where once traders felt OMRI had too high a Price, Traders now feel OMRI had a fair (or even cheap) Price. Every time we see an FTT, we have a change in how the market views the particular entity under review. The same process works...

Yahoo altered the format in which they provide data. Wealth-Lab hasn't yet created a 'fix' for this 'new' method of data delivery yet. - Spydertrader

For those that have had difficulty drawing channels, bundlemaker put together this excellent video. It's based around drawing channels on a 5 minute chart, but the same principles apply to daily charts. Channels.For.Beginners-bundlemaker.wmv - Spydertrader

You are closer than you think. Everyone is. All that is required is a human hair's width change in mindset. Alter your vantage point - so to speak. Begin to determine what one needs to 'see' in terms of continuation or it terms of change in the future based on the current context (market...

LOL. :D Here is the place to download from the above linked page: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1373259> Once again, nicely done bundlemaker. - Spydertrader

Cup Series Kenseth Sweeps California with victory in Auto Club 500. Meanwhile, Junior Blows Up and Bows Out, while Gordon finishes second. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1373228>

ELOS and TWLL may be providing an early warning a move a few days out. As such, I want to keep an eye on them in case they move early. I have those stocks in Dry Up. The order you have the three listed above look fine to me. I see it that way as well. I'd place RATE at the front...

Unless Bar 4 is also an FTT, then they are clearly different. Jack doesn't blindly enter on bar four any more than I blindly enter at the open. One must know the context in which one sits (the right side of the market) before undertaking any action whatsoever. FTT's do not fail. Only three...