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Because the market has yet to complete its sequences. - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2087324> I expect most people felt 14:15 completed a down sequence, and began another up sequence. Clearly, it did not. - Spydertrader

I mean no such thing. I define 'Differentiation' as knowing the subtle differences which make one thing different from another. In other words, the areas where many say, "I see no difference between scenario 'A' and scenario 'B.'" Differences exist. Pace Acceleration differs from Peak...

Two different contexts here. One scenario already had a completed sequence, whereas the other scenario first appeared to complete its sequences, but the market informed the trader that the market had not yet finished moving from Point Two to Point Three. One cannot seek a signal for change...

Almost. I say 'almost' because you have omitted a few details. You may already know these details, but have unknowingly failed to include them in your post, or you have yet to 'see' how these additional details enter into the equation. In either case, no need for you to change your current...

Drill Two Answers

Answers: Green Arrows Represent Dominance Red Arrows Represent Non-dominance Resist the urge to check the answers if you still have plans to perform the exercise. - Spydertrader

11:45 would have completed the sequence had it not exited a Pennant Formation one bar prior. As a result, 11:50 actually completes the sequence because of the context in this specific example. Also, you have chosen to view 11:35 and 11:40 as Dominant. Note how I annotated that area (as...

I use Snag-It. A stroll through the back alleys of the Internet should provide several locations where one can 'access' information required of this program - albiet on older versions of the software. Of course, one should maintain 'shields at maximum' when trekking into such areas. -...

Before Bar One ever opens, the trader reviews the latter part of the previous day in an effort to complete a 'Pre-Flight' Check. What do we know about the end of the previous trading day? We can 'see' a Down Traverse completed, and followed by, a Lateral - which ends the day. What must come next...

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Volume which confirms a point three occurs in the same 'direction' as the Point Three. In other words, a point Three Up Traverse has increasing black Volume, and a Point Three Down Traverse confirms with increasing red volume. A change in dominance develops when Volume, which once signified...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2085290>

Drill Two. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2085121>

Mark the Volume bars D or N for Dominant or Non-Dominant. I encourage everyone to participate. I think many will be surprised at their answers. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2085119>

Again, as you have already noted, the change signal develops on the YM - exactly as required by the market. However, for those not using the YM, the market provides no signal. - on the 15:20 bar. However, Price doesn't just break out of a Pennant here. Price also breaks a Right Trend Line in the...

Good. 'Cuz you don't have a change signal on that specific bar. The signal comes later (2 bars). Had I 'fanned' out the Traverse (Green), you'd see the bar to which you refer actually bounces off the LTL. See attached. Sometimes, we see change just before the peak. Sometimes, we see change...

Today's ES - 5 point scale. - Spydertrader

Those focused exclusively on the 5 minute ES Chart would not have the ability to see the YM, nor use its signals. - Spydertrader

Evidently, I wasn't as clear in my earlier post. You might find (Edit: Today 09-23-2008) 13:10 and 13:15 (All times Eastern and close of the ES five minute) helpful to your endeavors. Hence, 'the market provides the answers' statement in my earlier post. - Spydertrader