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Thanks for the explanation. I don't know why I find writing a log so difficult. I find my attention monopolized by the chart, and MADA remains unstructured and ineffective. The log variations I've seen and tried feel awkward and unnatural. What's missing may be just self discipline.

Does "12 seconds" refer to MADA cycle time? Thanks

Not sure what that FBO stands for, but the statement that follows is clear and complete on its own, so I don't see it as a problem.

Jack - attached is a compilation of your lost groundwork posts in response to gucci's bad day - in case you wish to pick up where you left off.

scriabinop23 & aradiel - thanks for your thoughts. I think you both referred to expansion of money supply as being necessary to offset increases in production and population. How important is it, that population and production driven deflation be avoided? Are there historical examples...

Her tax rate is already negative. You're not aware of that? And you vote? A good first step back toward freedom would be to address the worst conflict of interest out there. Stop allowing recipients of government payments to vote for the people who pay them. I worked in local...

Know who he is, but don't know him & haven't read him. He must have been quoting me. The nature of wealth isn't that hard to understand. It just takes a little serious thought. In real world economics, everything is transactions. Wealth is created (or quantified) in voluntary...

Money is hoarded only in fairy tales and cartoons. In reality, it is all spent or invested. The fact that more of it passes through some peoples' lives than others' in a free market takes nothing from the others. The whole notion that the rest of us would be better off if the rich folks were...

Actually, I was trying to be funny - not my thing, I guess. My take is that gvmt guarantee of all those loans totally distorted the risk sides of related markets and had very expensive unintended consequences. From your response, I'd guess you'd prefer more legislation and regulation...

The economic crime of the 20th century was the creation of Fannie and Freddie. The economic crime of the 21st is spending trillions of our future earnings trying to evade the consequences. Maybe our "representatives" will pass an economic crime death penalty bill and forget to exempt themselves.

romanus & guavaman - sorry for butting in. To clarify, I have no objection to Spyder narrowing the discussion however much he wants. I value his posts and this thread. I value icarus's posts as well. If all a person gets out of Jack's writing is an occasional gold nugget, then I'm not...

guavaman - I hope you're not offended if I point out that your post tends to support icarus's view that the current discussion has become very narrow. His experience with "the method" may be greater than you realize. If Jack Hershey or Spydertrader feel his posts are detracting from what...

Thanks for the response. So, you're saying the top of the OB can be pt3 down just by virtue of being in lateral movement - without an up tape or a lateral formation?

I'm not aware that the 14:40 eob OB provides a valid pt3 for the second dom traverse. If it doesn't, then pt3 has to be at 14:55 eob, and the change signal after that. Hope I'm not just adding confusion.

Gravitonium - I realize that I'm nobody in this place, but I can't help responding. I'm sure your frustration is understood and shared by many, but your anger is completely misdirected. You are here, by your choice, hoping to get something valuable. Spydertrader is here, by his choice...

Hi Gravitonium. The grey traverse became unimportant to me once the steeper purple one was well established. When the turquoise tape ended with the sym pennant that BO down, it made a nice new pt 3 for fanning the purple traverse. The gaussians looked good too. FWIW

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end of my day FWIW

One question I have is whether a lateral tape like the one at 11:15 eob is a valid retrace to form my black down traverse. Does it depend on whether the 11:20 bar closes higher or lower?