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And the long-term chart:

The following are updates of the daily and long-term (2009) charts posted at the beginning of the thread. Trolls will note than price reversed exactly at the level I said it would.

I don't mean to be abrupt, but I've been through all this in detail in four threads. If the above is news to you, then you have a lot of reading to do.

Yes.

If you mean the posted short, that was explained in the first post for this morning.

A wrap-up chart for the day as a follow-on to the above post. Only the most pertinent lines were brought forward to the chart on the right.

That's what I've been doing for six months. Today was an excellent example of how to implement it. One can lead a horse to water . . .

Yep, you caught us. I guess it's back to my MACD/RSI/SloSto array.

Even though niko posted a graph of the trend channel (sixth post of the day), I did not. I've wanted to keep this as simple and focused as possible for the time being, and the trend channel seemed to be a bit much at this time. Nor have I addressed how to trade reversals here. Nonetheless, I did...

So all told a 74pt downmove and a 69pt trade. And while I haven't read every post in every thread, it appears that the only person to profit from this was NoDoji. And she's a price-action trader. I wonder if there's any connection there. Hmm.

That's pretty much what I've done for the past six months, not counting TL. So, no. Good luck to you though.

Nice answer.

We are well past the point of reaching the bottom of the trend channel that niko posted earlier and have also broken the 10/9 trendline posted at the beginning of the Ghost thread, which today was at 24.0. At the moment, the NQ is at 3503. It's unlikely that any of the bloviators will comment...

Aside from the fact that the market isn't fractal, none of this has any particular relevance to this thread. Please keep the Hershey stuff in the Hershey thread. Thank you.

Auction Market Theory rules.

And there it goes. Finally. Though it is 1230.

I neglected to point out that a long taken after a lower low has less chance of succeeding than if it had been taken after a higher low. This would seem like a given. And one is always free to create a rule for himself that he will not take longs off lower lows or shorts off higher highs...

Back then the discount brokers created quite a stir, though what were discounts then seem horrendous now. Given the lower prices, traders thought they could make many more trades and yet still come out ahead on commissions, which, technically, was true. But the result of course was an...

The trend channel however ranges from 67 to 26. So if you're going to short at all, short the failure at 67 and try to hold on as it works its way downward.

And it's turned back again. These lines are just useless :)