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IMO, the 10:25 bar broke through the channel RTL on rising V. Here's what I have fast and dirty. lj

Sneaky or not? My guess is standard uptraverse finished yesterday with FTT at 15:45. This AM completed standard downtraverse with FTT at 9:50 and we are now well into a new uptraverse. WG, I know you made a killing with that entry at 714 or so. lj

Don't forget to rollover to the June contract tonight. It's always the Thursday of the week before options expiration, which ends on Friday of the following week. lj

Well allrighty then. If one does chase the gap, the ES channel RTL is found to cross today's chart at the bottom of the 11:20 EST bar and then everything just plops out and makes sense, for a little while, or not. Interestingly the 'adjusted' YM also crosses its chart in almost exactly the...

I agree with Gregor. We are looking for a P3. A question for anyone who might care to comment. If there is a large gap, should the channel RTL "follow the gap", as for example happened yesterday? This would be in keeping with the definition of an uptrend line, i.e., a line drawn from the...

03-10-09 05:30 PM -------------------------------------------------------------------------------- Quote from romanus: IMO, the only way to make some sense of today is to treat 1205 as 'real' P2 on 5 min ES level fractal...

Agree surdo, for equity index futures. DTNProphetX is a dog. Don't know about CQG. lj

I see what you are saying romanus. Quite frankly I've never particularly liked these 'trending' days. The annotation is more tricky than on those nice zig-zag M and W days. I think we end up at EOD in the same place - looking for completion of an uptraverse. Let me look at your...

FWIW, I think today was a single, trending uptraverse which does not yet show sequence completion. It makes sense to have an uptraverse after an uptraverse-downtraverse pair has occurred within the overall context of an upchannel. If indeed this is the case, then one CANNOT have channels...

Thanks Jander. I also get messed up when there is a large gap like we had this AM. Trying to 'connect' the previous day's EOD bars generates some funky looking tapes. This is however something that Spyder has done routinely in the past. What is also true is that Spyder has started the day...

Jander, It looks like you 'kept' the gap and began annotating anew with the 9:35 bar. I'm surmising your color scheme is: thin green/red = tape; browny-purpley = fftraverse; thicker green = uptraverse. It also 'appears' your uptraverse has a completed 1,2,3. Am I reading what you have...

Debrief. ? slightly > 2/3 through the upchannel. lj

Nice timing. lj

Context is critical but a difference in context does not mean that a particular concept cannot apply equally well to both situations. So bottom line everyone seems to agree on what the right side of the market was at EOD and it will be very interesting to see what the market shows us on Monday...

Here's that post of Spyder's: http://www.elitetrader.com/vb/showthread.php?s=&postid=2119595#post2119595 The context is not exactly the same - but what he says about the shift in nondominance is I think pertinent to romanus' reference post. In particular I think the Gaussian profile I...

I agree guava that they do not have exactly the same context but as you point out, in both cases one is looking for a change signal. The question is whether the JW signal is the 'real' change signal. Let me see if I can dig up that quote of Spyder's about 'change in the nondom", which at the...

We are basically saying the same stuff romanus except that I suggested that the reason for the incompleteness of things had to do with the 'out of order' RTL crosses. I've been wrong on more than one occasion too but like you, see the error and try to move on. That's the whole idea and while...

Too sweet romanus. Your basic tenet has more than considerable merit but I do not agree with the closing of the gap on the far left of the chart. The critical consequence of the failure of the uptraverse is the fanning of the channel RTL. So let me propose the following. Could it be that...

Further on in the same article: "Citibank at this price ($33.10, 11/10/07) is ridiculous. Citibank does not deserve that. Citibank deserves a lot better," Prince Alwaleed was quoted as saying. He originally paid $2.75 per Citigroup share, adjusted for stock splits, he said. With any luck...

That was such a great post romanus. I looked at that sucker for a long time trying to figure out what he was saying to you. As I said last night I believe it is a 'transitional lateral' where the dominance changes within the lateral. His Gaussian profile shows a change in 'red' sentiment...