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By the laterals forming this way, I paint in my mind a picture of a herd bouncing off the wall...:D They are the easiest ones to spot real time. IMHO.:)

Thanks for the hint.

I thought FTT came 5 min earlier.:confused:

Romanus, what are the two identical charts for?

Yes,I do. I saw this point in time as a starting point for a new tape up.

IMHO. I actually thought that lateral and dominant (movements)are mutually exclusive?

I do not know how useful this small difference can be, but we have VE of the tape on 11:55 bar and tape level FTT on 12:35 bar. VE on decreasing volume signals change + decreasing BV in an up trend means lateral movement => market signals change from up to lateral in an up trend => continuation...

ljyoung, I guess with this logic one have to embrace a possibility of a retrace going in dominant direction?

I fail to see how a channel can be constructed there. But what the bleep do I know.:)

jbarnby, I'm sure, that laterals can not represent dominant traverses.

Here is my view on the area in discussion (annotations added in black)(11:55 (18:55 on the chart) vs 12:35 (19:35)). Comments welcome. PS: Mr_Black, thanks for the chart.

Great observation...There is something very elusive. Something the `critical`posters may be missing. We are living in THE 21th century...Perhaps its time to wake up?

Hi,guavaman, could you post a snippet?

LOL. Good one.:D

The word `probably´ is indeed an appropriate one . Sooner or later the higher education will be particularly useful only for the classification of rat races on various stages. God bless Globalization and Ricardo!!! God bless economic theorization. Welcome in the jungle of civilized.:mad:

Thanks for the link. Its really unbelievable. Instead of solving the problems the fcking politicians around the world create additional ones.:mad:

Priceless. :D

Here are two examples from my DAX chart. As usual take it with a pinch of salt. Caveat emptor :)

Just for the sake of correctness, the chart from Spydertrader I posted is not the chart of 07.19.2008. With regard to the laterals, I noticed, that while all laterals have several bars (disregard closes or ends for now) within them, not all groups of several bars within some other bar constitute...

Wasted money indeed. It could be invested in the development of new sources of energy in order to escape dependance on oil, medicare and social programs. Politicians become increasingly reckless in their pursuit of riches...