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That is the most important thing that I wish to accomplish. Today or any other day doesn't matter - I want to learn how to learn from charts. But I don't understand what do you mean by: "Three ways to annotate."

Seems like if we keep fanning the original tape which began with OB - we end up with just a tape going into the close and arriving at Point 2 of traverse on the first bar of today.

I will draw the tapes and add pennant and lateral descriptions as well as OB's. May be this will clear things for me then.

Then what must come next is another channel. I have annotated red down channel beginning 1520 on Fri and ending 1105 today. (Two pink traverses and lateral traverse, shaded green). WMCN is then another up channel. I have blue point 1 at 1105. Except I can't seem to figure out how to turn what...

If only I could figure out how to compare the exact same contexts instead of apples to auto parts. Big brain freeze here:( :(

eod

pm

so far

Bar 2 (increasing red volume) also represents an Increased Volume with Decreased Volatility, a signal for change which occurs on the 'tape' level. So the pieces of puzzle beginning to fit as we arrive at Point 3. Would the fact that the market has not finished the sync yet, account for the...

But does it ever? IMO it's the type of Volume on which the bar develops (whether OB or not is debatable) which tells one what to expect.

More of it here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2040695#post2040695

I personally have found this to be very helpful: http://www.elitetrader.com/vb/showthread.php?s=&postid=1985404#post1985404

Is the fourth bar (pt2) a Pace Acceleration?

... the consequence of starting a tape on the last bar of an internal or OB is that the BO of the internal or OB is better taken into account. By treating internals and OB's no matter how many bars as just one bar, you sharpen up the taping continuity courtesy of JH brought by Neoxx

Final thought for the day on tapes and laterals: 10:50 isn't Change (Price closes in a Lateral) Hint: pay attention to the orange tapes

http://www.elitetrader.com/vb/showthread.php?s=&postid=2038716#post2038716 bar 14 - spike, marked with blue ftt Dom or non-dom? Can't be non-dom imo.

You have trend overlap on Points Two and Points Three. Trends overlap on Point One. ..... As a result, you'd violate a basic tenet of the market. :)

The context which was described in that post may or may not be different from our drill here depending on whether or not Bar 4 in the drill is PA. If Bar 4 is in fact PA (which I can't tell you because I don't know) then the context you were referring to is definitely different from our drill.

t'was a lucky guess, there's plenty of Gauusian Slope accelerations which aren't PA's - in this case it was. Coin toss. But the real answer is "insufficient data set for my level of experience".

This is a very big presumption. The one I am no longer willing to entertain after studying some charts. No pun intended.