Adventures in the garden of good and evil

In one of his last posts on the IR thread, ST presented the assembled crew with this thought:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2283780&highlight=imagine#post2283780

It is an important post, IMO, since it points to a way of considering the market which appears to be 'beyond' so much of the material which was presented in the various JHM threads he was involved with over the years. What he is referring to is the existence of something which 'sets the stage' for all the wonderful collections of acronyms and vocabularies to come into being.

The question of course is , "What is it?". The answer is a set of correctly constructed RTL's. When one does this, the mystery of 'incompletion in the face of completion' evaporates. The task at hand then becomes to determine whether or not the set of RTL's (the LTL is of course useful but it is 'set' by the RTL) that you have fashioned makes reproducible = BOOLEAN sense.

JH and ST use the Sperandeo RTL (if someone else came up with this before Victor Sperandeo, then it is to that person that this acknowledgement is directed). With this in mind it should be appreciated that a Sperandeo RTL and a right-sided channel line may not be the same thing, initially. When one combines this fact with the basic tenet of 'channel overlap' (see ehorn's recent IR post), things really do gain clarity. These statements apply to ALL fractals, from tapes to super-channels.

There are of course many ways one can go about constructing RTL's. IMO, one cannot dump data to come up with something that is more visually pleasing. It is the same as constructing a graph based on experimental data, which have been culled to generate a straight line (or a curve) which appears to look nicer. The CME Globex is an active entity 24 hours a day. This fact cannot be ignored although there is more than one way to deal with it. This is so because of redundancy.

This shit is redundant too but WTF, it's almost the weekend.

http://www.youtube.com/watch?v=tqWP1rsAMrw

http://www.youtube.com/watch?v=XnamP4-M9ko

http://www.youtube.com/watch?v=S5puAN1PGQw&feature=related

lj
 
Quote from ehorn:

Hi LJ,

I believe we began something on Friday @ 14:40 ET which has yet to complete...
More...

Hi ehorn,

A 'slide' puts the open today @ 940.50 and if so, the 14:40 low has been breached, suggesting that it is the 9:35 RTL which is still in play.

lj
 
Quote from ljyoung:

Hi ehorn,

A 'slide' puts the open today @ 940.50 and if so, the 14:40 low has been breached, suggesting that it is the 9:35 RTL which is still in play.

lj
More...

It would seem that we have dealt with the 9:35 RTL but the 922.50 price point is still in play.

The very nice thing about anticipation is that it allows you to be led by the market to where it is you are going. If instead you 'instruct' the market on how and when to get there, disaster frequently ensues, as shown by the 21 point bounce from today's low of 925.50.

lj
 
The raw (no slide) YM RTFH (9:30-4:15 EST) data strikingly leads one to believe we are nondom for the AM.

lj

No slight intended for sliders. Whatever works.
 
This is what I was talking about last PM. Not a standard color scheme for the channels (here channels is a generic expression). The stuff after the vertical yellow line happened this AM and yes that's right, the stuff before the yellow line happened yesterday. The green line with the steeper slope was drawn yesterday, as were some of the other lines. Some of them weren't. They were drawn several days ago.

lj
 

Attachments

Question. If Gaussians follow trendlines then which comes first? If it is wrong (or missing) then the Gaussian will be wrong (or missing).

I hate Gaussians quite possibly because I spent some 15 years or so of my academic research life looking at the damn things. The Gaussian concept, as it as applied to volume in the JHT/JHM, is extremely powerful but there is more than one way to use it.

I have settled on developing an absolutely rigorous method of trendline construction combined with the fabled X2X paradigm. Others are doing other things. More power to them.

lj

This morning begins in earnest at 4:04 AM. The trendlines, like his hair, were perfect: http://www.youtube.com/watch?v=7uV9xIzzcHg
 
That's 7:04 EDT. There can be something about 7 AM ET. Look at a random selection of equities for a couple of weeks.

This AM has been picture postcard perfect with the YM leading the ES by as much as 15 minutes. Two of my AM TL's have been taken out since the current low at 11:18. Like Jack says, "TL's. Draw lots of them."

BTW Jack, if you're looking for something to do, might I suggest a one day "Guerilla Tactics at the Turns of Consequence" seminar.

lj

The third TL has been approached but we are lateralizing price. Perhaps it has something to do with the fact that we are sitting just below yesterday's RTH (not RFTH) close. Let's see. S becomes R until it doesn't.

About time for the Taj: http://www.youtube.com/watch?v=XBxEoMivCkQ
 
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