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Haven't had a chance to do these daily. Catching up (haven't looked at any of the other posts yet)

Here is the C# code for Rank and getting DU values for equities. EDIT: added usage instructions to the zip file.

Just a comment on your statement below: YM Sym Pennant - Lateral formation on Decreasing Black Volume (change) Decreasing volume in a lateral is what we expect. So that is not a change signal but rather a Hold signal.

I thought about my action taken while at the gym and realized that I jumped the gun on reversing long. YM is in a pennant formation. So I should hold off until the YM pennant BO provides a signal as to the new direction.

Part 2

Thanks to someone who brought it to my attention, I did not notice the bouncing ball on the YM chart. So disregard my last comment in my chart about anticipating change based on YM. All things point to continuation down based on the time of bar close.

Hi Palinuro, I tried your script on friday and thought I would share an enhancement to your script. I like to annotate laterals strictly as ones that have the second bar of the lateral as a inside bar (ie a lateral is created after a pennant formation). Without that criteria, I found...

Late today due to lost internet connection for the whole day. Pachaco did not cut the cable, had downed power lines in the back of the house. Here is my contribution.

Nkhoi, Can you explain why you crossed out those point 3 channels? Those are all valid channels confirmed by increase in volume. Also keep this in mind: Spydertrader has talked about the importance of drawing every channel that is confirmed by increasing volume. <img src...

ES 3_25_2008

ES 3_24_2008

Yes.

It ceases to be a lateral formation but is considered a lateral movement since price broke the boundaries of the first bar of the lateral formation and then came back into the formation. The boundaries stay the same. Here is a post I made recently and a few posts later Spydertrader...

What must come next

Pretty toys for sure http://www.elitetrader.com/vb/showthread.php?s=&postid=1818372#post1818372

Here is my take. I view the up move over the last few days as a retrace. Wait for the BO of the current pennant to confirm the new direction. We currently see increasing red, so anticipate a resumption in the dominant down direction but as mentioned before need increasing red volume to...